Friday , 22 June 2018
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Construction begins on Port of Posorja in Ecuador

Construction has begun on the greenfield multi-purpose port project at Posorja, Ecuador, with work expected to take 24 months to complete.

It follows the 50-year concession DP World won last year to build a facility with a capacity of 750,000 teu, located 65 km from Guayaquil.

The US$500m initial investment (Phase 1) includes the purchase of land, dredging of a new access channel, a 20 km access road and a 400 m berth equipped to handle containers and other cargo.

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

Work began in July on nearby access roads while a 1 sq km logistics and industrial park, marked as a Special Economic Development Zone, will be developed adjacent to the port.

DP World group chairman and CEO Sultan Ahmed Bin Sulayem said that the country;’s first public-private partnership would help to improve the competitiveness of Ecuadorian exporters.

DP World Posorja general manager Jorge Velásquez, said: “This facility will help Ecuador become an important player in regional and global trade and its deep drafts and quay lengths will handle Post-Panamax vessels to complement Guayaquil and other nearby terminals.

“Its navigation channel is designed for ease of access, allowing large capacity ships to call at our shores.”