Ecuador’s Biggest Container Terminal Wins Gov Support
Ecuadorian President Lenín Moreno has committed to two major projects at Contecon Guayaquil SA (CGSA), a container terminal based at the country’s Port of Guayaquil, to restore the area through economic development.
In addition to restoration work for the port area in Guayaquil, Moreno has agreed to open a technological institute that will focus on careers related to commercial and maritime development.
CGSA, a subsidiary of global port operator International Container Terminal Services (ICTSI), has participated in previous partnerships with the Ecuadorian government in order to bring in more jobs and investment for the country through private-public partnership programs.
While at the signing ceremony for the projects on January 26, 2018, Moreno witnessed the inauguration of CGSA’s new greenfield terminal development, an expanded logistics support area built last year.
It will be designed to handle more than 6,000 containers.
In a speech made during his visit, Moreno recognized CGSA’s contributions to Ecuador’s growth, including a US$10 million investment for the new logistics support facilities.
Ecuador President Lenin Moreno with top cabinet officials during the inauguration of an expanded logistics support area built by ICTSI subsidiary Contecon Guayaquil SA
Jupiter Kalambakal, Public Relations Manager, International Container Terminal Services (ICTSI), has written a new technical paper in the latest edition of the PTI Journal, Mega-Ports & Mega-Terminals, in which he has detailed exactly how MICT has been able to achieve its record growth
It is part of a US$ 325 million pledge by CGSA for improvements that will be made until 2027.
He also noted that over the past decade the company has already invested $360 million in the area – $35 million more than expected.
José Antonio Contreras, CEO, CGSA, said: “ICTSI and CGSA remain proud partners of the Ecuadorian government’s vision of economic development through its private-public partnership programs – bringing in more jobs and investment for the country.
“This new development only shows ICTSI’s continuing commitment to the development of Guayaqil by consolidating and expanding its position as Ecuador’s main trading gateway.”
Anders Kjeldsen, Senior Vice President and Regional Head for the Americas, ICTSI, added: “With investments in modern infrastructure, Contecon will progressively raise the bar in container and general cargo handling operations in Ecuador,”
“We are confident that the new terminal area will boost efficiency and speed the movement of import and export cargo supporting the country’s rapid growth.”