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ICTSI to invest $100m for expansion of Iraqi terminal

LBR Staff Writer Published 24 October 2017

Philippines-based International Container Terminal Services (ICTSI) is set to invest around $100m to expand Basra Gateway Terminal (BGT) in Iraq.

ICTSI has entered into an expansion agreement with General Company for Ports of Iraq (GCPI) and Governorate of Basra for the second development phase of the BGT in North Port of Umm Qasr.

As part of the expansion, the company will construct two new berths that will integrate a 20 hectare yard area, helping to increase BGT container handling capacity by 600,000TEU to a total of 1,200,000TEU.

The berths will be configured and installed with quay and landside container handling systems to handle container vessels of up to 10,000TEU.

They will provide a continuous berthing line of 600m, combined with the adjacent berth 27.

ICTSI subsidiary BGT will provide the investment for the project, which will start immediately and complete within 18 months.

ICTSI chairman and president Enrique Razon Jr said: "This new $100m investment follows hot on the heels of ICTSI’s development of Berth 27 and the rehabilitation and upgrade of berths 19, 20 & 21, a $150m investment.

“Our commitment to provide international standard port facilities and services in Iraq is plain to see. It also represents the fruit of a positive working relationship with the Iraq Ministry of Transport, General Company for Ports of Iraq (GCPI) and Governorate of Basra as well as other government agencies.”

ICTSI operates 31 terminals in 18 countries across the Asia Pacific, Americas, as well as Europe, Middle East and Africa.

The company develops, manages and operates gateway terminals of different sizes to serve extended hinterlands.

Image: ICTSI has signed an expansion agreement for Basra Gateway Terminal. Photo: courtesy of ICTSI.