MANILA's International Container Terminal Services Inc (ICTSI), with the largest port concession in the Americas, Contecon Guayaquil SA (CGSA), has further strengthened its position after winning Ecuador's approval to service larger vessels of up to 305 metres
MANILA's International Container Terminal Services Inc (ICTSI), with the largest port concession in the Americas, Contecon Guayaquil SA (CGSA), has further strengthened its position after winning Ecuador's approval to service larger vessels of up to 305 metres. Contecon Guayaquil SA at the Port of Guayaquil, is now the only port to dock two 5,000-TEUers simultaneously, after gaining the approval from the Ecuador Ministry of Transport and Public Works for expanded operations at its Berths 2 and 3.
'Our public-private partnership is one of the most successful concessions in our portfolio. It represents the harmonious relationships with regulators, shipping lines and employees,' said ICTSI chairman and president Enrique Razon.
Said ICTSI Americas regional chief Anders Kjeldsen: 'We thank the government for their continued confidence.'
Said Ecuadorian President Lenin Moreno: 'The Contecon concessionaire invested US$10 million, part of the $325 million pledged to invest 20 years up to 2027 on Port Authority grounds. However Contecon has already invested $360 million - $35 million more than expected. Thank you very much.'
The 115.4-hectare terminal has a handling capacity of 1.4 million TEU a year. The port facilitates the country's leading export, bananas, with its 3,627-plug reefer facility and dedicated storage and consolidation areas for the commodity.
To date, ICTSI is the largest port operator in Latin America with two concessions in Mexico and a project each in E
