NORTH AMERICA

MANTA HANDOVER COMPLETE

20 years ago

Hutchison Port Holdings has handed over the Ecuadorian Port of Manta to Terminales Internacionales del Ecuador (Tide),marking the start of a 30-year concession.The original agreement, which had seen the transfer taking place on January 1, 2007, was put back by one month on the back of paperwork difficulties.

To date, only the Ecuadorian ports of Manta and Esmeraldas have succeeded in privatising port operations. In Guayquil, the Transport Ministry is contemplating allowing the local port terminal to link up with a strategic partner.