Ecuador reopening discussions for us450 million deeowater terminal

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Ecuador reopening discussions for us450 million deeowater terminal

  1. 1. ECUADOR REOPENING DISCUSSIONS FOR US$ 450 MILLION DEEPWATER TERMINAL 22/08/2013 Ecuadorian officials and foreign investors are reopening discussions over the possibility of a deepwater terminal in Posorja, a town about 120km from Guayaquil, Emilio Aguiar, president of maritime chamber CAMAE told BNamericas. In 2006, a US$450mn concession to build and operate a deepwater port with a 15m draft in Posorja was awarded to Spanish group Alianza Internacional Portuaria (Alinport). However, works never began and the authorization for construction was later revoked. "This authorization is just starting to be revisited as of a couple of weeks ago," Aguiar said. Earlier this week, local company Nobis, which is a shareholder of Alinport, sent a letter to transport and communication ministry MTOP claiming to have new foreign investors interested in the opportunity, according to a release from MTOP. Transport and communication minister María Duarte has agreed to meet with the firm to further discuss the possibility of a deepwater terminal in Posorja. When the third set of locks in the Panama canal open in 2015, ships with an up to 15m draft will be able to pass through. This impending deadline is what has led to the recent discussions about the Posorja deepwater terminal, as well as the possibility of relocating Guayaquil port. "However, this doesn't necessarily mean that the ships that serve South America will be of this draft," Aguiar said. "The size of the ships, the design, are determined by the volume of cargo that there is in the region. So despite the fact that the locks will allow for a 15m draft, the ships that will pass through will have on average a draft of 13m." With this in mind, authorities have also begun to discuss dredging works to increase the draft of Guayaquil port to 13m, he said. (BNamericas)

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