IDB approves loan for Ecuador port

IDB approves loan for Ecuador port

Project & Infrastructure Finance Loans Ecuador Middle East

The IDB has approved $50m to help fund the Posorja port and its associated infrastructure in Ecuador, the multilateral lender said in a statement. Proceeds will specifically finance the project's first phase, which requires $504m in total investments. Works also entail land acquisition, dredging and construction of a 400m berth and 20km access road. The second phase is also expected to cost more than $500m, comprising construction of additional ground facilities. The local government is also

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