Flopec awards LPG terminal contract

Monday, May 31, 2010

Ecuadorian state hydrocarbons maritime transporter Flopec has awarded the contract to build a marine terminal for its LPG project in Monteverde, Santa Elena province.

The winner is Consorcio Belfi-Ciport with a bid of US$37.9mn, according to a Flopec resolution.

The reference price for the 540-day contract was US$34.8mn.

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Offers from Consorcio Construccion Terminal Maritimo Monteverde (US$30.4mn), Consorcio Ripconciv-Geofundaciones y Asociados (US$38.2mn) and Padko (US$33.4mn) did not meet bidding requirements.

The terminal will be able to receive deep draft vessels with deadweight of 75,000t.

The overall project will guarantee a 30-day LPG stock through 2030 and replace a barge anchored in the Guayaquil gulf.