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>

<< Dec 2017 >>
MTWTFSS
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

ACI’s 2nd North American Dredging Summit

2-day program covering technological innovations, in-depth case studies exemplifying a variety of successful projects, updates on regulatory…

read more >

Congress “Hydraulic Engineering Structures of Water Transport”

This event will take place in early February, before the opening of the 2018 season when dredging and hydraulic engineering works start…

read more >

3rd European Dredging Summit

The latest in ACI’s global series of dredging summits, the 3rd European Dredging Summit  will once again bring together leading experts…

read more >

2nd East Africa Port Expansion Conference

This event will gather senior port representatives, key stakeholders, expert consultants and contractors, technology providers as well…

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