Posorja to become major industrial zone
Otto Bottger, DP World's commercial manager for the South American west coast and future director of the Posorja container terminal, has confirmed that the operator is to invest $1.2bn in its latest project.
Equivalent to 1% of Ecuador's annual GDP of $100bn, the investment was described as “probably Latin America's most important private investment” by Mr Bottger.
He added that if the Posorja project had not gone ahead, Ecuador would have lost out as the new locks on the Panama Canal will enable much larger vessels to operate in the region, reducing the country's ports to feeder facilities.
A logistics park is also under consideration that will be built next to the port, covering an area of 70ha. This is planned as a distribution area and a processing centre for bananas. Indeed, the entire 100,000ha area around the port will become an industrial zone.
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