President Lenin Moreno has signed an order to approve the delivery of the Guayaquil Southern bridge to be constructed under a P3 scheme.
Moreno signed the approval after the Ministry of Transport and Public Works (MTOP) declared technical, economic and legal viability for the project.
Valued at $911m, the new bridge will allow rapid access to the cities of Duran and Guayaquil and their ports.
Under a 40-year concession, works will involve the construction of a 44.2km four-lane road, including four bridges of 855m, 3.4km, 30m and 855m in length.