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Korean firm to help with Ecuador’s new international airport

Posted on December 7, 2024





The corporate that constructed and now operates the world’s fifth largest passenger airport – Korea’s Incheon Worldwide – will develop a plan for a brand new airport and particular financial zone in Ecuador, enterprise web site Maeil experiences. 

It’s deliberate for Ecuador’s largest metropolis, Guayaquil, which can also be dwelling to Simón Bolivar Port, which handles 70% of Ecuador’s seaborne commerce.

The long-planned new airport would change Ecuador’s José Joaquín de Olmedo Worldwide, additionally at Guayaquil, which is approaching peak capability.

The Guayaquil Airport Authority needs “Guayaquil New Airport” to have an annual capability of seven million passengers within the first section, rising to 16 million later.

Lee Hak-jae, president of Incheon Worldwide Airport Company, stated his firm would draw up a masterplan for the brand new airport, oversee its design and building, after which run it.

He stated the challenge would “lay the inspiration for future public-private partnership initiatives and Latin American airports”.

South Korea is selling New Guayaquil airport as a part of its “Financial Innovation Partnership Program”, which seeks alternatives for Korean companies in growing international locations.

Incheon will spend 10 months engaged on a improvement mannequin and can present technical and coverage recommendation based mostly on its expertise in Korea.

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Additional studying

  • Ecuador begins constructing jail for ‘narco terrorists’
  • Ecuadorian “chocolate” village to be half printed from cacao shells
  • DP World breaks floor on controversial $1.2bn Ecuadorian port

The publish Korean agency to assist with Ecuador’s new worldwide airport appeared first on International Development Evaluate.



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