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.
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