Hutchinson Wins Ecuador Port Concession

As expected, Ecuador has awarded the 30-year operating concession of its Manta port, on the country’s Pacific coast, to the only bidder – Hong Kong-based Hutchinson Port Holdings (HPH), the world’s largest port operator. HPH has offered to invest $468 million to add to the government’s initial commitment of $55 million to transform the cargo port into a mega, deep-water container port to serve as a gateway to South America for the increasing trade between Asia and the Continent.