International Container Terminal Services, Inc.’s (ICTSI) largest port concession in the Americas, Contecon Guayaquil SA (CGSA), further strengthened its market position as the main trading gateway in the entire Ecuador after recently getting the government’s nod to service larger vessels.
The Ecuadorian Ministry of Transport and Public Works, through the Subsecretary of Ports and Maritime Transportation, recently gave its green light for CGSA to accommodate mega vessels of up to 305 meters in length at the Port of Guayaquil’s Berths 2 and 3. With this, CGSA is now the first and only terminal in Ecuador with the capacity to serve two mega vessels at the same time,resulting in higher efficiency and productivity levels.
The firm will be in charge of the development, maintenance and operations of two of the port's three terminals for the next 20 years. Ictsi will handle the port's container and multipurpose terminals.
Country updates
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July 12, 2018
Corporación América Airports to invest additional US$32 million in Guayaquil Airport concession
Corporación América Airports S.A. has announced today that its 50.0% owned subsidiary Terminal Aeroportuaria de Guayaquil S.A. (TAGSA), which operates and maintains the Guayaquil Ai...
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May 23, 2018
First road PPP in Ecuador signed
Representatives of the government of Ecuador and the company Verdú have signed the concession contract for the Guayaquil-Santa Elena road corridor PPP project.
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January 19, 2018
An international bidding process has been initiated for the development of the road extension in Santo Domingo - Quevedo - Babahoyo - Jujan
An international bidding process has been initiated for the development of the road extension in Santo Domingo - Quevedo - Babahoyo - Jujan. The concessionaire will assume the process of construction, operation and maintenance of the road for 30 years
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November 27, 2017
Representatives from El Oro province have requested Yilport Holding and the Government of Ecuador be reexamined after ongoing protests from banana producers
Representatives from El Oro province have requested Yilport Holding and the Government of Ecuador be reexamined after ongoing protests from banana producers. The Government still has to complete the expropriation of the land while all of the permits to develop the container terminal have not yet been collected
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November 15, 2017
Ecuador gives the go-ahead to the Guayaquil Southern Viaduct PPP
The government of Ecuador has given green light to the Guayaquil Southern Viaduct, to be structured under PPP scheme.
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