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Yilport to invest $176m in Ecuador’s Puerto Bolivar port

Yilport has announced the construction of a new sixth dock at Puerto Bolivar port in Ecuador.

Michele Labrut, Americas Correspondent

September 8, 2020

1 Min Read
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The work requires an investment of $176m and the construction will begin at the end of the year.

“Today we signed the contract for the construction of a new dock in Puerto Bolivar. A private investment of $176m that will give way to the development of the province of El Oro,” said Lenin Moreno, president of Ecuador.

The 450-metre long dock will allow the entry of vessels of greater depth and capacity, diversifying new lines of export to the world to boost the local economy and foreign trade for Ecuador, with major products such as bananas, shrimp, copper, among others.

 The port expansion includes new container yards, refrigerated warehouse and new access roads.

“With the concessions we have achieved and continue to achieve important projects that strengthen connectivity in all its forms,” said the Minister of Transport and Public Works Gabriel Martínez.

 Puerto Bolivar currently handles 65% of the province's export banana cargo. In March 2020, around 36,000 tonnes of copper concentrate were exported to China for the first time.

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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