Company name
Terminal Portuario de Manta S.A.
Project number
13511-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Ecuador
Sector
Transport
Status
Closed
Disclosed date
08/11/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/07/2021
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 18,000,000
Currency
USD
Project scope and objective
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.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
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Early disclosure
PUERTO DE MANTA - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
151.7 Kb