Port of Manta Capex Program

closed

Manta’s  Port  Authority  was  created  in  October  1966  to  operate  and  control  the  international  and  domestic terminals at the Port of Manta (the “Port”), located in the Province of Manabí in Ecuador.In December  2016,  as  part  of  the  initiative  of  involving  the  private  sector  in  service  rendering,  Grupo  Agencias Universales S.A. (AGUNSA) was granted the expansion of the port facilities and its operation for 40 years. AGUNSA is a Chilean company with 50 years of experience in the maritime, port, logistics, and general transportation business, and has a presence in 22 countries.  For this purpose, AGUNSA set up the Ecuadorian company Terminal Portuario de Manta S.A. (TPM).The Port expansion is expected to be carried out in two phases. Phase I (the Project) involves: i) extending Pier 2 by 100 m; ii) dredging the access channel to gain 13 m of free draft at low tide; iii) dredging the berths; iv) adding two moving cranes; v) building a passenger terminal for cruise ships; vi) investing in port equipment (cargo containers, tractor trailers, forklifts, etc.); vii) improving roads, access controls, safety, lighting, and water supply; and viii) expanding storage yards.Phase II will involve: i) increasing capacity to 150,000 TEUs (twenty‐foot equivalent units); ii) a new 300 meter by 35.5‐meter pier; iii) dredging the channel and berths to 14.5 m of free draft at low tide; iv) adding several  Gantry  cranes;  v)  acquiring  rubber‐tired  Gantry  (RTG)  cranes;  vi)  investing  in  port  equipment  (cargo containers, tractor trailers, forklifts, etc.); and vii) expanding storage yards.