Ecuador signs port PPP project
The Government of Ecuador has signed the first PPP project in the country to develop a new port terminal in Puerto Bolivar, in the municipality of Machala, El Oro Province.
The concession agreement has been signed between the government and Yilport, a subsidiary of Yildrim Holding. The company will be responsible for the design, build, finance operation and maintenance (DBFOM) of the new terminal during the concession period.
The total project investment is estimated at US$750 million.
Puerto Bolívar is one of the world's largest shipment points for bananas, most of them destined for Europe. About 80% of Ecuador's banana production is shipped through these port facilities.
In early April we reported that the government of Ecuador decided to merge the Quevedo – Jujan road project and the Santo Domingo – Quevedo road project into a single concession after it requested qualification documents for the two projects separately. The new total project investment is estimated at US$1,481 million.
Country news
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April 20, 2016
Tender re-launched for Manta port concession
The Ministry of Transport and Public Works of Ecuador jointly with the Port Authority of Manta have recently announced the re-opening for the tender process for the port of Manta concession through a public-private partnership. Read more -
April 07, 2016
Ecuador merges road concessions in one
Additionally, the Ministry of Transport and Public Works has launched a request for expression of interest (RFEOI) for the redesigned concession. The decision has been taken after the review of the expression of interests submitted for the two PPP projects. Read more -
March 07, 2016
Ecuador tenders two road PPPs
The Government of Ecuador, through the Ministry of Transport and Public Works, has launched the tender processes for the development of two road public private partnership (PPP) projects. Read more -
February 18, 2016
Ecuador plans road concessions
In order to improve the national transportation system the Government of Ecuador expects to receive through public-private partnerships PPP an investment of some US$4,000 million over the next 30 years.The plan would cover around 500 kilometers of roads. According to the information provided by Deputy Minister of Transport and Public Works. Read more -
February 17, 2016
DP World signs port concession in Ecuador
The Ecuadorian Ministry of Transport and Public Works and the state-owned Dubai Port World (DP World) are about to agree a formal proposal for the construction of deep water port in the town of Posorja, Ecuador. Read more
