Ecuador's Commision of Economic Regime (Comisión de Régimen Económico) will analyze and supervise the development process of the Bolivar port concession, which was signed between the Port Authority of Puerto Bolívar and Yilport Ecu SA in May 2016.
Puerto Bolivar port project is located in Machala, El Oro Province of Ecuador. The concession includes the design, equipment, execution of additional works, operation and maintenance to convert Puerto Bolívar into a logistics-port platform with international efficiency standards that meet the demands and needs of foreign trade.
The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, recently disclosed that its Board considered financing for the Puerto Bolívar project on 12 November 2018.