Ecuador's Bolivar port authority APPB has awarded the contract to expand Bolivar port to local consortium Copci-Tunaserv, an official from the group's legal division told BNamericas.
Authorities found the consortium's US$51.9mn offer to be the best alternative in terms of technical details and construction time, with works to be completed in 890 days, the official said.
Bids were also submitted by consortium Ciport-Belfi, which offered US$57.3mn with works to be completed in 900 days, and company Padko that submitted a bid of US$41.1mn with 910 days of construction.
The project is part of an expansion plan that will allow the port to handle post-Panamax ships by the time the Panama Canal expansion is completed, APPB's general manager, Wilmer Encalada, told BNamericas.
The authority also plans to launch a tender in early 2011 to dredge the port's access canal and bay to complement the new infrastructure.
Bolivar port's expansion will diversify the terminal's activity, allowing it to focus mainly on containers, said Encalada, adding that the port is currently focused on the banana trade.