Posorja deepwater port PPP

Overview:

• Posorja deepwater port PPP
• DP World, a Dubai-based Maritime company, was awarded a five-year concession to develop Posorja port.
• This is the first PPP in Ecuador, following the introduction of a PPP law in January 2016. 
• The project includes the construction of a 23km access road to the port which will run between the city of Playas and Posorj.
• The port is expected to allow New Panamax size ships to enter the country. 
• DP World is working with Consorcio Nobis and Grupo Vilaseca to construct the project. 
• IDB Invest, Proparco and DEG Deutsche Investitions acted as lenders. 

Rani Mehta - Journalist