ICTSI to invest P10.3 billion to expand Rio Brasil Terminal

RAZON-LED International Container Terminal Services, Inc. (ICTSI) will invest R$948 million (around P10.3 billion) to expand and modernize its Rio Brasil Terminal at the Port of Rio de Janeiro.

The project, running until 2029, is expected to increase the terminal's annual container-handling capacity by 70.5%, from 440,000 twenty-foot equivalent units (TEUs) to 750,000 TEUs.

This expansion aims to position Rio de Janeiro as a key logistics hub for Brazil's Southeast and Midwest regions, enhancing efficiency and competitiveness.

The investment will fund R$414.4 million in infrastructure works and R$533.5 million in equipment acquisition.

Improvements include yard expansion, building rearrangement for optimized container flows, modern container-handling equipment, utility system upgrades, and technology enhancements.