en.Wedoany.com Reported - On June 29, 2026, the government of President Daniel Noboa, through EP Petroecuador, inaugurated the Centennial Park, a $20.6 million investment project in the La Poza district of Manta. This project is one of the most significant urban and recreational initiatives in Manta in recent years. Funded by the state-owned oil company and executed in collaboration with the Manta municipal government, it has restored 16 hectares of coastline in La Poza, transforming it into a modern recreational, tourism, and environmental complex expected to benefit over 300,000 residents.
The newly completed Centennial Park features an open-air theater, a civic plaza, a children's play area, a food court and restaurant zone, an observation hill, a central pond, an urban beach, parking areas, and an administrative building, along with other infrastructure. Environmentally, the park includes 7.2 hectares of green space, which will prevent 3,000 cubic meters of wastewater from being discharged onto Tarqui Beach and help reduce noise levels in the city center. EP Petroecuador stated that the project demonstrates how resources from the oil and gas industry can be transformed into outcomes that promote regional development, strengthen social structures, and create spaces for community integration.
Under an agreement with the Manta municipal government, Petroecuador has secured several benefits, including a 50-year (2023 to 2073) citizen safety tax, special improvement contributions for urban and rural plots, and exemptions from non-tourism operating permit fees and environmental management fees in Manta. The agreement also covers equivalent exemptions for any future new taxes or special contributions that may be established and collected through property tax credits or operating permits. In return, the Manta municipal government has committed to covering the value-added tax payments, as consideration for the $2.4 million in economic resources allocated by Petroecuador. The municipality has also pledged to provide training and education for EP PETROECUADOR employees and communities within the areas affected by its operations.
The state-owned oil company operates in the cantons of Manta, Jaramijó, Crucita, Puerto Cayo, and Puerto López, including the Barbasquillo clean products terminal, the Libertad-Manta product pipeline, and artisanal fishing warehouses in Santa Marianita, San Mateo, Jaramijó, Crucita, Puerto Cayo, and Puerto López.
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