DP World won concession for construction of a new port in Ecuador. The world’s largest terminal operator will build the new container terminal at the Port of Posorja, which will have annual capacity of 750,000 TEU at the first stage. The total value of the project is more than 1 billion USD and new container terminal will be among the most modern in South America, meeting the latest IMO standards. According to the plans, the pier will have depth of 15.00 m and able to handle the modern ultra large container ships. The first stage of the project will be completed until the end of 2018, consuming almost half from the planned investment funds.
Ecuador, which is the largest banana exporter in the world, currently handles all the exports from the Port of Guayaquil, which reached its peak of capacity to more than 1.75 million TEU annually. The exports of the South American country are growing with every year, based mostly on exports of oil, bananas, shrimp, gold and other primary agricultural products.
The Port of Posorja is a small village in Ecuador that lies about 120 km from the city Guayaquil at the delta of the Guayas River. With building of the new container terminal, the authorities expect significant growth of the population and economy in the region.