The Nuevo Milenio consortium's management and operations concession at the port of Esmeraldas in Ecuador, awarded in early February, has effectively been blocked by local business interests and the city mayor.
They object to one of the conditions in the 25 year concession agreement, which obliges the consortium to contribute just US$200,000 every other year for social investment, despite this being the best offer of five received by the deadline....
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This complete item is approximately 215 words in length, and appeared in the March 2003 issue of WorldCargo News, on page 12.
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