Construction of Posorja Port in Ecuador Underway

Image source: President of Ecuador

The President of Ecuador Lenín Moreno and DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem last week performed a ground-breaking ceremony to mark the start of construction of the first deep water port in Posorja, Ecuador.

The ceremony follows the 50-year concession the company won last year from the Government of Ecuador to build a facility with 750,000 TEU (twenty-foot container equivalent) of capacity to fuel the country’s economic growth and connect it with international markets.

According to DP, the $500 million initial investment (Phase 1) includes the purchase of land, dredging of a new access channel, a 20-kilometer access road and a 400-meter berth equipped to handle containers and other cargo.

DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, said: “This is an important landmark in Ecuador’s growth story – we’re celebrating today the first public-private partnership that will benefit local economy and change forever the way it trades with the world.

Total investment will be over $1 billion for the entire project with thousands of jobs during construction, close to 1,000 jobs during operations, along with plans to develop a logistics zone to create a regional trading hub.

While work began in July on nearby access roads, construction of the port, which is located 65 kilometers from the country’s main business city of Guayaquil, is expected to take around 24 months to complete. Additionally, a 1 square kilometer logistics and industrial park, marked as a Special Economic Development Zone, will be developed adjacent to the port.

Share this article

Follow Dredging Today

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Europort 2017

Europort has a strong focus on special purpose ships including offshore vessels, dredging vessels, construction vessels, naval vessels…

read more >

African Ports Evolution 2017

The forum aims to discover the scale of planned marine development and expansion projects across the African continent…

read more >

The 2nd International Symposium on Land Reclamation and Ecological Restoration

The 2nd International Symposium on Land Reclamation and Ecological Restoration” will be held by China Coal Society on October 20-23 in Xi’an…

read more >

ASBPA 2017

ASBPA is the nation’s first organization to promote science-based policies for the preservation of coastal areas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you’ll reach countless professionals in the sector. For more information, click below...

apply