Construction of Posorja Port in Ecuador Underway

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.

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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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