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EC President Moreno cites ICTSI Guayaquil for economic contribution

Contecon Guayaquil SA (CGSA), a subsidiary of global operator International Container Terminal Services, Inc. (ICTSI) at the Port of Guayaquil in Ecuador, recently received President Lenín Moreno, who lauded CGSA’s contributions to the growth of Ecuador.

Marking the first time that a President of Ecuador had visited the terminal since the start of its operations in 2007 – Moreno also witnessed the inauguration of CGSA’s new greenfield terminal development, an expanded logistics support area built last year.

“In these facilities, the Contecon concessionaire invested US$10 million. This amount is part of the US$325 million they pledged to invest for twenty years (up to 2027), on Port Authority grounds,” President Moreno told the people of Guayas province during his visit to the terminal last 26 January.

“However, we should highlight that, in these 10 years, Contecon already has invested US$360 million – US$35 million more than expected. Thank you very much for this. Good for the company, for Guayaquil, and for the country,” he added.

President Moreno also signed two inter-institutional agreements to carry out a project to restore the port area in Guayaquil, as well as the creation of a technological institute with careers related to commercial and maritime development.

The new logistics support area is designed to handle more than 6,000 containers, aimed at supporting the economic, industrial and commercial growth of the Latin American country.

“ICTSI has built a reputation for itself as one of the most successful port operators in the world. Ten years says a lot as to what we have been doing in Ecuador. It speaks to the kind of leadership and management style in all of our terminals around the world,” says José Antonio Contreras, CGSA Chief Executive Officer.

ICTSI and CGSA remain proud partners of the Ecuadorian government’s vision of economic development through its private-public partnership programs – bringing in more jobs and investment for the country.

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