Manta Takes on Peru

Oct 1, 2008

Ecuador has big plans for revamping Manta, its principal ocean port. But the market pariah will struggle to compete for funds with similar projects in Peru.

by Lucien Chauvin In 2020, Ecuador hopes to celebrate the bicentennial of the declaration of its independence with Manta as the principal port on South America’s Pacific coast. A docking center will be interconnected with the rest of the country and much of the northern half of region through a series of roads and waterways. “Manta is going to be the doorway between South America and Asia. It is a deepwater port with ample room for the major expansion we have planned,” says Luis Carguaitongo, a spokesman for the Manta Port Authority. Besides the port, Carguaitongo says there is a modern airport for cargo and a land transportation system in the works that will make it easy and cheap to move goods from Belém, on Brazil’s Atlantic coast, up the Amazon to Manaus and then over to Ecuador and Manta on the Pacific coast. Much of the scheme...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events


Where will capital markets be busiest in 2017?