Manta still seeks private investor

Manta Port Authority is to transfer the shares held in Tide by HPH to another private company, now that HPH has pulled out of the deal.

It is estimated that a new investor will have to find $520m to expand and modernise the port.

HPH, for its part, will allow the new operator to make use of its already installed terminal operating system until 30 June 2010.

(Source: Port Strategy)