Independent journal on economy and transport policy
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ICTSI will construct and manage a container terminal in presses of the congolese port of Matadi
The Philippine group has carried to term the cession of its participation in Cebu International Container Inc Terminal.
January 24, 2014
The terminalista group Philippine International Container Terminal Services, Inc. (ICTSI), through branch ICTSI Coöperatier UA, has constituted joint venture with the Société de Gestion Immobilière Lengo (Simobile), real estate society that manages all the properties of the congolese group Ledya, with the objective to construct, to invest and to manage a fluvial port to Mbengu, included a new terminal for containers, in presses of the port of Matadi, in the Republic Democratic of the Congo.
The new society, that it will have a share capital of 12,5 million dollars, will be called International Services Container, Inc. - DR Congo (ICTSI DR the Congo) and will be participated with 60% from group ICTSI and with 40% from the congolese Simobile. The investment previewed in the first five years will pile to about 100 million dollars.
Joint venture will construct to the new container terminal on the Congo river and in the first phase, that it will be realized in 18-24 months from the beginning of the work, the harbour system will consist of two docks for a total of 350 linear meters. The terminal will have a traffic ability pairs to 120 thousand container teu and 350 thousand tons of goods, ability that - based on the question - could be doubled with the realization of the second phase of the project.
While group ICTSI has carried to term the cession of its entire participation in the Cebu International Container Inc Terminal. (CICTI), society that work a container terminal in the Philippine port of Cebu. ICTSI has yielded own quota 51% of the capital of CICTI for beyond 1,6 billion weight (36 million dollars) to the Cebu Asian Rim Property & Development Corp. (CARPDC) and to the Hongkong Land (Philippines) BV (HKL), societies that are under responsibility of the group Jardine Matheson di Hong Kong.
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The terminalista group Philippine International Container Terminal Services, Inc. (ICTSI), through branch ICTSI Coöperatier UA, has constituted joint venture with the Société de Gestion Immobilière Lengo (Simobile), real estate society that manages all the properties of the congolese group Ledya, with the objective to construct, to invest and to manage a fluvial port to Mbengu, included a new terminal for containers, in presses of the port of Matadi, in the Republic Democratic of the Congo.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
