Manta Port becomes state-owned again

The Port of Manta passed back to the control of the government of Ecuador from April 1 closing the door onlast year’s failed concession attempt.

It had formerly been transferred to Terminales Internacionales del Ecuador (TIDE), which abandoned the concession in February 2009.

The government had been in subsequent negotiations with an interested private bidder for the concession, but these have now collapsed. The port authority is to rehire half of the 103 employees originally contracted by TIDE.

(Source: Container Management)