Yilport invests big in Ecuador container terminal

Puerto Bolivar

Turkish port operator Yilport Holding, a subsidiary of the Istanbul-based Yildirim Group, plans to transform an Ecuadorian port into the largest container terminal in Latin America.

Yilport has secured the rights to Puerto Bolivar in Machala City, Ecuador, a city near the Gulf of Guayaquil known as the “Banana Capital of the World.”

In a 50-year concession signed Tuesday, Yilport committed to invest $750 million in the port over a five-phase development period.

“Consequently, the largest container ships of the world will berth and receive services at Puerto Bolivar,” Yilport said in a statement.

[joc]

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