PHILIPPINES' International Container Terminal Services, Inc (ICTSI) and Societe de Gestion du Port Autonome de Toamasina (SPAT) have signed a 15-year extension of the concession for the Madagascar International Container Terminal at a recent ceremony that took place at the port city of Toamasina,.
ictsi has held the concession since 2005 through its wholly owned subsidiary Madagascar International Container Terminal Services Limited (MICTSL), and the new extension runs from 2025 through to 2040. MICTSL handles over 90 per cent of the Madagascar's annual container throughput.
Speaking at the ceremony, ICTSI senior vice president and head of EMEA, Hans-Ole Madsen said: 'We are very grateful to His Excellency, President Andry Rajoelina, the Government of Madagascar and SPAT for the timely and well-structured port expansion programme. We are proud to work with SPAT and all involved parties to continue to deliver state-of-the-art container handling capacity and services.'
Significantly, the concession extension complements the US$639 million port expansion project now underway in Toamasina - with $411 million provided by the Japan International Cooperation Agency (JICA) and $227 million by the Government of Madagascar.
A new 756-metre container berth, with a draught of 16 metres alongside and equipped with ship-to-shore container gantries, is central to plans to provide for increases of vessel size up to a capacity of 14,000 TEU.
Infrastructure improvements on the landside will see the addition of a 15-hectare container yard as well as a new gate complex, a modern workshop and extensive security infrastructure. Reefer capacity will be extended from the present 120 plugs to +400 plugs.
'Working with all stakeholders, we are very confident we can play a leading role in future proofing the port and ensuring the success of the port expansion project,' Mr Madsen concluded.
SeaNews Turkey
ictsi has held the concession since 2005 through its wholly owned subsidiary Madagascar International Container Terminal Services Limited (MICTSL), and the new extension runs from 2025 through to 2040. MICTSL handles over 90 per cent of the Madagascar's annual container throughput.
Speaking at the ceremony, ICTSI senior vice president and head of EMEA, Hans-Ole Madsen said: 'We are very grateful to His Excellency, President Andry Rajoelina, the Government of Madagascar and SPAT for the timely and well-structured port expansion programme. We are proud to work with SPAT and all involved parties to continue to deliver state-of-the-art container handling capacity and services.'
Significantly, the concession extension complements the US$639 million port expansion project now underway in Toamasina - with $411 million provided by the Japan International Cooperation Agency (JICA) and $227 million by the Government of Madagascar.
A new 756-metre container berth, with a draught of 16 metres alongside and equipped with ship-to-shore container gantries, is central to plans to provide for increases of vessel size up to a capacity of 14,000 TEU.
Infrastructure improvements on the landside will see the addition of a 15-hectare container yard as well as a new gate complex, a modern workshop and extensive security infrastructure. Reefer capacity will be extended from the present 120 plugs to +400 plugs.
'Working with all stakeholders, we are very confident we can play a leading role in future proofing the port and ensuring the success of the port expansion project,' Mr Madsen concluded.
SeaNews Turkey
