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ICTSI to pump P10.3B into Brazil terminal expansion
Business World Philippines
|December 16, 2025
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 company announced on Monday.
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The project, which will run 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, ICTSI said in an emailed statement.
The expansion will position Rio de Janeiro as a key logistics hub for Brazil's Southeast and Midwest regions, it added.
"This investment is essential for Rio to increase its efficiency, maintain its competitiveness, and absorb part of the demand currently concentrated in Santos," Roberto Lopes, chief executive officer of Rio Brasil Terminal, was quoted as saying in the statement.
"The project benefits not only the terminal but also the broader economy of the Southeast and Midwest of Brazil," he added.
ICTSI Rio offers maritime, road, and rail access and can handle the largest vessels calling the Brazilian coast.
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