Daily coverage from across the country, written for the expat community
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Quito's Metro restarted normal operations Tuesday, April 21, after an 11-hour shutdown that began at 5:30 am Monday. The deeper story: manufacturer CAF has recommended replacing 864 train wheels, citing abnormal wear that partly triggered the outage. Mayor Pabel Muñoz is also investigating possible sabotage.
The Quito Metro suspended commercial operations at 5:30 AM on Monday, April 20, after a technical incident. All stations were affected. No official timeline for restoration. Here's what commuters need to know and what alternatives exist.
Ecuador's government takes formal possession of the country's largest hydroelectric project today, ending a decade of refused acceptance over 17,661 documented fissures. China's PowerChina takes over operation and maintenance at $46M/year for 25 years. Here's what the deal contains and what it means for the country's power supply.
Ecuador's Constitutional Court ruled unanimously (9-0) that President Noboa cannot fast-track the bilateral investment treaty with the UAE. The ISDS provisions trigger constitutional review, and the treaty must be approved by the National Assembly. Investors tracking the UAE corridor should expect delays.
Ecuador will formally accept its largest hydroelectric plant from Chinese builder Sinohydro by April 17, despite more than 7,600 documented fissures in critical equipment that the Comptroller ordered repaired. The settlement releases approximately $200 million in guarantees back to Sinohydro. The plant currently operates at less than half its 1,500 MW capacity.
An international arbitral tribunal adjusted Ecuador's compensation obligation to Chevron downward by $5.7 million, landing at $215 million. The decades-old Amazon environmental dispute continues to drain government coffers in a tight fiscal year.
