INTERNATIONAL Container Terminal Services Inc (ICTSI) president Enrique Razon has visited Iraq to inspect the upgrade berth 20, the existing facility in Umm Qasr's North Port, where the company's subsidiary Basra Gateway Terminal (BGT) commenced operations last November.
He also inspected the piling works taking place opposite ICTSI's existing terminal where the Manila-based port operator is investing in the development of a new state-of-the-art container/multi-purpose facility to designed to handle containers, general cargo and project cargo.
Overall, the group is committed to invest US$130 million to upgrade terminal facilities and capacity in order to meet the latest requirements of port users in the port of Umm Qasr that serves southern oilfields in Iraq.
"We are proud to be present in the port of Umm Qasr to undertake the first foreign financed development of an entirely new port infrastructure and to contribute to the future growth and prosperity of the country," said Mr Razon during his visit, which included meetings with stakeholders and BGT staff.
The first phase of development of the new container/multi-purpose facility consists of a 250-metre berth and 13 hectares of storage area. Upon completion, the new facility will have a 600-metre berth and 55 hectares of yard/stacking area.
Investments at berth 20, as well as in personnel training and back-up systems, are already paying off with container handling rates now averaging 24 moves per hour as compared to 10 moves per hour during the early days of terminal operation.
PORTS
23 March 2015 - 22:31
ICTSI to invest US$130 million to upgrade Iraq's Basra Gateway Terminal
INTERNATIONAL Container Terminal Services Inc (ICTSI) president Enrique Razon has visited Iraq to inspect the upgrade berth 20, the existing facility in Umm Qasr's North Port, where the company's subsidiary Basra Gateway Terminal (BGT) commenced operations last November.
PORTS
23 March 2015 - 22:31
ICTSI to invest US$130 million to upgrade Iraq's Basra Gateway Terminal
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