Ecuadorian port investment planned for 2017

17 Jan 2017

In Ecuador, investment of at least $251.5m is planned in the three ports that the government put out to concession last year.

DP World’s Porsorja project, close to Guayaquil, will absorb $250m, while Chile’s Agunsa will spend up to $1.5m on the port of Manta in the province of Manabí.

In addition, Turkey’s Yilport has taken charge of terminal operations at Puerto Bolívar, although has yet to announce its investment programme for the year. 

In total, the DP World and Agunsa projects will absorb combined investment of $1.377bn over the course of their concessions, which is 50 years for Posorja and 40 years for Manta.

The majority of the investment in Manta is scheduled to be made over a nine-year period and amounts to $66m. It will be divided between a new cruise terminal, dredging work and lengthening the quay to 300 metres.

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