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Manta – Ecuador receives a 100 million dollar investment

Ecuador news magazine – Quito, August 2 (Andes).- The port of Manta, in the province of Manabí, will receive a 100-million dollar investment in two phases. A state contribution for 70 million and private contributions for 30 million, as part of a special development project, reported the Port Authority.

Rodolfo Cano, port manager, explained that the development project, approved by the Ministry of Transportation – which encompasses 70 million dollars intended for physical infrastructure and 30 million dollars for equipment – will be allocated to a private operator who wins the international competition for said assignment, expected to take place this year.

The project encompasses the expansion of the international pier from 200 to 550 meters in length and a yard for 300 thousand containers on the East side of the Port. Cano estimated that it will be completed by 2015.

Manta will be the only multi-purpose, deep water port in the country, with the capacity to cater to the line of business of car importers, wholesalers, container carriers, and fisheries.

“We have seen the project and we think it is wonderful that in its first phase the President has already announced a large investment”, said the Mariano Zambrano, the Provincial Prefecto (highest authority in the province).

Salazar, in regards to the construction of the new ports in Manta, Esmeraldas and Guayas to standardize maritime imports and exports and prevent monopoly, stated that this strategy, envisioned as a State policy, will allow the country’s development and competitiveness.

The 100-million dollar investment for the Port of Manta, announced last Saturday by President Rafael Correa, was discussed by the authorities of Port Authority before the Governor, the Provincial Prefecto and the canton’s Mayor.

 

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