DP World wins concession agreement for a greenfield port project in Ecuador | GulfNews.com:
"DP World said on Tuesday that it had won a 50 year concession for the development of a greenfield multi-purpose port project at Posorja, Ecuador.
The project’s total investment will be over $1 billion (Dh3.67 billion), with thousands of jobs created during construction, including close to 1,000 jobs during operations, and plans to develop a logistics zone to create a regional trading hub, according to a company statement.
The first phase of the project will see an investment of $500 million, which will include the purchase of land, dredging of a new access channel, a 20km access road and a 400 metre that can handle containers and other cargo."
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