News / DP World unveils $1billion project to develop greenfield container port in Ecuador

The port of Guayaquil

DP World has won a concession to develop and operate a new container facility in Ecuador, a Latin America’s country that has proved most resistant to international terminal operators.

The Dubai-headquartered operator today said it been awarded a 50-year concession to develop the port of Posorja, located around 65km from its largest port of Guayaquil.

DP World said it had drawn up a $1bn investment plan for the project.

An initial $500m will be ploughed into buying land, dredging an access channel, building a 20km ...