Construction begins on DP World Port of Posorja in Ecuador
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Construction begins on DP World Port of Posorja in Ecuador

CONSTRUCTION has begun on DP World's greenfield multi-purpose port project at Posorja, Ecuador, with work expected to take two years.

06 September 2017 - 20:00 - Update: 08 September 2017 - 10:54

DP World group chairman and CEO Sultan Ahmed Bin Sulayem said it would improve the competitiveness of Ecuadorian exports.

It follows the 50-year concession DP World won last year to build the facility with a capacity of 750,000 TEU, located 65 kilometres from Guayaquil, reports London's Container Management.

The US$500 million Phase 1 investment includes the purchase of land, dredging of a new access channel, a 20-kilometre access road and a 400 metre quay.

Total investment will be more than $1 billion 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.

 

 

 

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