Hutchison building new Ecuador port

Hutchison building new Ecuador port Hutchison Port Holdings, a unit of Hong Kong-based Hutchison, has begun construction of a new container port terminal at Manta, Ecuador. The terminal is set to start operations by the end of 2007 and will have a berth length of just over a mile.
   The governing Manta Port Authority awarded a 30-year concession to HPH in 2006, in return for a $523 million investment promise. HPH will provide $469 million, and $53 million will come from the public sector. HPH plans to develop Manta as the largest cargo transshipment hub on Latin America's Pacific coast.