ICTSI Opens First Phase of Basra Gateway Terminal Expansion

Image Courtesy: ICTSI

Manila-based container terminal owner and operator International Container Terminal Services, Inc. (ICTSI) has formally opened the first phase of the new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq.

According to ICTSI, total investment for the first phase development, the first foreign financed development of new port infrastructure in Iraq, was USD 130 million.

“Today represents a milestone in the development of Iraq’s shipping infrastructure. ICTSI’s commitment to Iraq is evidenced in major investments in the upgrade of existing berths 19, 20 and the construction of the new terminal incorporating Berth 27,” Enrique K. Razon Jr, ICTSI Chairman and President, said.

He added that the new infrastructure, “equipped with state-of-the-art quayside and landside handling systems is critical for sustainable economic growth.”

“We are confident the new terminal area will boost efficiency and speed the movement of import and export cargo supporting the rapid growth in Iraq’s economy,” Razon said.

When fully developed, the new terminal area will comprise 600 meters of quay and 50 hectares of yard area.

In April 2014, Basra Gateway Terminal (BGT) was awarded the concession to take over the Government of Iraq’s container terminal in Umm Qasr as well as construct the new berth.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >