By John Lee.
International Container Terminal Services (ICTSI) has officially inaugurated the first phase of its new $130-million greenfield port development at Basra Gateway Terminal (BGT) in Umm Qasr.
Iraq’s Minister of Transport, Kadhem Finjan al-Hamami, attended the ceremony along with ICTSI chairman and president, Enrique K. Razon Jr.
The Philippines-based company signed a 26-year concession with the General Company for Ports of Iraq (GCPI) in 2014 to develop and operate three new berths, in addition to a 10-year agreement to redevelop the existing container terminal at Berth 20.
According to the report from Seatrade Maritime, when fully developed, the new terminal area will comprise 600 meters of quay and 50 hectares of yard area, complementing bulk and general cargo facilities at berth 19 which ICTSI was contracted to manage earlier this year.
(Sources: Seatrade Maritime, Port Technology)