International Container Terminal Services Inc. (ICTSI) chairman and president Enrique K. Razon Jr. said ICTSI will spend US$ 550 million this year for its greenfield projects Argentina, Mexico, and Colombia as well as other ports such as Manila, Brazil, Ecuador and Croatia, according to positivenewsmedia.com.
“We remain focused on what we are good at: servicing end- destination cargo. We also continue to be on the look-out for new acquisitions. We are not sitting on our laurels. There is a lot more to be done, more room for improvement, and more shores to explore. We eagerly look forward to our next 25 years. May you continue to have faith in ICTSI,” he said.
Some of the ICTSI’s projects:
– ICTSI is developing Tecplata S.A. located at the head waters of the River Santiago Este in the Port of La Plata, province of Buenos Aires Argentina.
– ICTSI’s Contecon Manzanillo S.A. (CMSA) in the Port of Manzanillo, on the Pacific coast of Mexico will develop and operate the second specialized container terminal.
– The Sociedad Puerto Industrial Aguadulce S.A. (SPIA) located in the Port of Buenaventura, on the Pacific coast of Colombia has an ongoing tender process for major civil work contract.
– The Adriatic Gate Container Terminal, on the other hand is undergoing expansion to add 2.9 hectare in yard area and 328 meter in quay length. It will increase its current annual capacity of 250,000 TEUs to 600,000 TEUs once the expansion is completed next year.
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Dredging Today Staff, April 25, 2012; Image: ictsi