DPWorld charts IIC, IDB for Ecuador port funds

DPWorld charts IIC, IDB for Ecuador port funds

Ecuador Loans

DPWorld has requested a $200m loan from the IIC for the development and operation of the Posorja Port, located 85km southwest of Guayaquil, Ecuador. The loan package comprises A loans from both the IIC and the IDB, along with an IIC B loan and co-loans from other development banks, a statement from the multilateral financier showed.Proceeds will aid the first phase of the project, which requires roughly $504m in total investments. Development needs include land acquisition, dredging and the

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