ICTSI Assigns USD 25 Mn for Expansion Projects

Philippine terminal operator International Container Terminal Services (ICTSI) has earmarked USD 25 million to finance domestic and foreign expansion projects in 2018.

These will include four projects, those being the construction of berth 7 at Manila International Container Terminal (MICT) in Manila, Philippines, as well as the expansion of the Port of Manzanillo in Mexico.

ICTSI has won a concession for the development and operation of the Second Specialized Container Terminal (TEC-II) at the Port of Manzanillo in Mexico.

In addition, a portion of capital funds will be allocated for the expansion of Puerto Cortés in the Republic of Honduras. Namely, the terminal operator secured a contract for the design, financing, construction, maintenance, operation and exploitation of the Specialized Container and General Cargo Terminal of Puerto Cortés for a period of 29 years.

Finally, an undisclosed amount from the USD 25 million is intended to finance the expansion of Port of Umm Qasr, in Iraq to be carried out under the terms of a contract with the General Company for Ports of Iraq (GCPI).

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2018 >>
MTWTFSS
25 26 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 1 2 3 4 5

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >