(MENAFN) UAE-based DP World won a concession for the development of a Greenfield multi-purpose port project in Ecuador, while the whole investment will be over USD 1bn.
Furthermore, the project will be launched 65 km from the nation's main business city of Guayaquil, whereas the project's initial investment for phase 1 will be USD 500mn.
In addition, the phase 1 will include the purchase of land, dredging of a new access channel, a 20-km access road and a 400-m berth to handle containers and other cargo.
The project will offer thousands of jobs during building and close to 1,000 jobs during operations, with plans to develop a logistics zone to make a local trading hub.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.