Saturday, August 3, 2013

ECUADOR NEWS MAGAZINE: 100 million dollar investment for Manta

ECUADOR NEWS MAGAZINE: 100 million dollar investment for Manta: Ecuador news magazine - Quito, August 2 (Andes).- The port of Manta, in the province of Manabí, will receive a 100-million dollar investment...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.....

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