Contecon Guayaquil S.A. (CGSA) has signed an investment contract with the Ecuadorian state to further strengthen and develop the Port of Guayaquil.
CGSA, International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Ecuador, is investing USD18 million to boost the port’s capacity to handle neopanamax vessels – this project will include three stages.
Stage one will raise the height of quay cranes 5 and 6 from 42 meters to 52 meters, and extend their boom lengths from 50 meters to 56 meters (20 rows).
The second stage involves works to reinforce the docks, while stage three will further deepen Pier 1’s draft to 13.5 meters.
“This is a decisive complement to the joint commitment we have made to achieve great objectives in pursuit of the development of this sector,” said José Antonio Contreras, CGSA General Manager, who signed the contract together with Gabriel Martínez, Ecuador’s Minister of Transportation and Public Works.
CGSA started servicing neopanamax vessels in 2019, becoming the first port in the country capable of handling this large class of containerships following the dredging of the 95-kilometer access channel leading to the Port of Guayaquil.