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Showing posts from June 8, 2016

DP World to Develop Ecuador’s First Deepwater Port Worth Over $1 Billion

June 7, 2016 by Mike Schuler


Photo Credit: DP World









Port terminal owner DP World has won a 50-year concession to build and operate Ecuador’s first deepwater port.

The new port will be located in the city of Posorja about 67 miles from Guayaquil, Ecuador’s largest city and business center as well as home to its main port of Guayaquil.




DP World says the concession agreement represents an investment of over $1 billion, including a first-phase investment of $500 million. 


The first phase will involve the purchase of land, dredging of a new access channel, a 20km access road, and construction of a 400 meter berth with capacity to handle up to 750,000 TEU per year and other types of cargo, including equipment to support Peru’s vibrant banana export industry. 


The access channel to the new port will allow drafts up to 15 meters, compared to the current 9.75 meter drafts at existing Guayaquil terminals.



DP World said construction on the first phase is expected to start within six to nine months and …