Contecon Guayaquil (CGSA), a subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed an investment contract with the Ecuadorian state to further develop the Port of Guayaquil with works to heighten cranes, reinforce the docks and deepen the pier’s draught.
As part of a three stage project, the operator is investing US$18m to boost the port’s capacity to handle neopanamax vessels.
The first stage will feature the heightening of two quay cranes from 42-52m, with their boom lengths extended from 50-56 m, reaching 20 rows across.
Stage two involves works to reinforce the docks while the third stage will further deepen Pier 1’s draught to 13.5 m.
José Antonio Contreras, CGSA general manager, stated: “This is a decisive complement to the joint commitment we have made to achieve great objectives in pursuit of the development of this sector.”
The terminal began servicing neopanamax vessels in 2019, becoming the first port in the country capable of handling this class of containerships following the dredging of the 95-km access channel leading to the Port of Guayaquil.
Beyond the contract, CGSA plans to increase the total investment amount to US$30m as part of its commitment to enable and promote Ecuador’s foreign trade.
Two years ago, the operator spearheaded the creation of the Logistics Community of the Port of Guayaquil, which provided supply chain stakeholders with a platform for stronger collaboration.
It also launched the first transport insurance program for Ecuador’s banana trade in 2019 to protect growers and the industry. Banana is the country’s main export product after petroleum.
Last December, the Autoridad Portuaria de Guayaquil extended CGSA’s concession period until 2047, having begun operations in 2007.