DP WORLD has been awarded a 50-year
concession to develop and operate a deep-water, green field container
and multipurpose terminal in Ecuador located at
Posorja port in the greater Guayaquil area.
A
consortium led by global terminal operator has agreed to invest up to US$1
billion to develop the new terminal and supporting infrastructure.
The
consortium includes Consorcio Nobis, a Guayaquil-based industrial and real estate
services conglomerate, and Grupo Vilaseca, an Ecuadorian
business group with varied interests in the agro industries, real estate,
packaging and other sectors, reported Alphaliner.
DP
World and its partners will invest $500 million in phase one, for the
purchase of land, dredging a new access channel, a 20 kilometre access road and
a 400 metre berth equipped to handle containers and other cargo.
The
facility will have the capacity to handle 750,000 TEU annually and mainline
containerships with drafts of up to 15 metres.
Construction
is expected to start within the next six to nine months and take 24 months to
complete. The company, through a subsidiary, will also be in charge of terminal
operations.
DP
World claims that the terminal site has a long-term potential to extend it
beyond phases one and two. If warranted by demand, a total of 2,000 berth
metres and a 200-hectare yard could be built at Posorja.
Individual
shareholdings in the project have not been disclosed, but DPW is believed to be
the lead partner in terms of investment.
Source
: HKSG.
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