Puerto Bolívar Port Terminal expansion

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The project involves the upgrade and expansion of the Puerto Bolivar Port Terminal, located in Puerto Bolivar, Machala, El Oro province, Ecuador. This initiative is expected to catalyze approximately $750m of foreign direct investments, over $100m in revenue transfers to the municipality, and to create more than 1200 direct and indirect jobs. The sponsor for this expansion project is Yilport Holding AS from Turkey, while the special purpose vehicle is Yilport Terminal Operations S.A. The port expansion and upgrade will increase the export volumes to more than 500 thousand containers per year. The total project cost is $150m and the amount is provided with a loan from the U.S. International Development Finance Corporation (DFC). JPMorgan Chase Bank will arrange the transaction. The financial close date is May 5th, 2023. https://www.dfc.gov/media/press-releases/dfc-commits-150-million-yilport-terminal-expand-and-upgrade-port https://share.america.gov/improving-ports-connects-communities-to-global-trade/ Realfin