Yilport to Invest $750 Million in Ecuador’s Puerto Bolivar Port

Yilport Holding, a Yildirim Group’s subsidiary, has secured a 50-year concession to run Puerto Bolivar Port in Machala City, Ecuador.

This deal, signed on 8 August, marks the largest ever Turkish investment in Ecuador.

Puerto Bolivar Port will be developed in five phases, worth $750 million, creating Latin America’s largest container terminal.

During the first phase of the development activities, set to last 3 years, Yilport plans to spend $230 million, according to the company’s announcement.

Under the contract, the dredging works will deepen the draft from 10m to 17m and a new 450-meter long quay will be built.

The terminal will also be equipped with modern infrastructure and cranes.

Upon completion of this capital development project, the annual container handling capacity of Puerto Bolivar Port will reach 2.5 million TEU.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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