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Manta concession worries regional rivals
01 Jan 2007
The awarding of a concession to Terminales Internacionales del Ecuador (Tide) to operate the Ecuadorian port of Manta has worried operators and ports in neighbouring Colombia and Peru.
Manta’s mammoth hub plan has upset the neighbours
Tide, a subsidiary of Hutchison Port Holdings (HPH), intends to convert the port into a transhipment hub facility, which is an ambition shared by other regional ports. However, the port of Buenaventura in Colombia was recently unable to handle current traffic levels
<p>Ecuador has identified the Manta- Manaus port connection project as a priority, stating it will definitely be implemented by 2011. However, this relies heavily on the success of the 30- year concession awarded to HPH, which will invest $523m in Manta, while a further $55m has been pledged by the state.</p>
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