In two or three months, at the moment the contract will be signed, Yilport Holding NV, a Turkish business group that belongs to the Yildirim brothers, will start its operations in the Bolivar Port, located in the province of El Oro. The operations will start after the proper equipment and people are gathered.
The group, which manages other 18 ports in 7 different countries, was the only bidder that was interested in designing, financing and executing the operations and maintenance of the port. The bidding was won by Yilport this past February 24th.
According to the bidding resolution, Yilport will invest 750 million dollars in 50 years. The investment will start after the contract is subscribed. (I)
Original source in Spanish: http://www.eluniverso.com/noticias/2016/03/07/nota/5449794/yilport-apunta-diversificar-carga-pto-bolivar-mineria-papel