Independent journal on economy and transport policy
12:41 GMT+1
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the consortium CMA CGM - Terminal Link will manage Kingston Container Terminal
Undersigned the contract of concession of the duration 30-year-old
April 8, 2015
Kingston Container Terminal (KCT) of the Jamaican port of Kingston will be managed by Kingston Freeport Terminal Ltd. (KFTL), Jamaican society participated with 60% from the French shipowning group CMA CGM and with 40% from the Terminal Link, terminalista society in its turn participated with 51% from same CMA CGM and with 49% from the Chinese Lowers Merchants Holdings International (CMHI). The concession contract, of the duration 30-year-old, has been undersigned yesterday.
the agreement of privatization of the terminal previews among other things that the concessionaire, with a previewed investment pairs to 130 million dollars, carries out intense activities of dredging in the channel of access to the Jamaican port and in the basin of terminal KCT in order to allow the landing place of portacontainer the post-Panamax of greater dimension and abilities that will reach as a result of the widening of the channel of Panama hat.
Second the forecasts, KFTL will assume the management of the container terminal between 6-8 months and 509 million dollars will invest you altogether. The society in the earlier stage will invest 259 million dollars in the terminal, included the effettuazione of participations necessary in order to modernize the harbour infrastructure with works of dredging and restructure of the docks. This phase will be completed in six years and will give to the terminal an ability to annual traffic pairs to 3,2 million container teu.
is previewed a second phase of development of the terminal that will have to be put into effect within 12 years with an ulterior investment of 250 million dollars and that it will elevate the ability to traffic of the terminal to 3,6 million teu. The plan previews also the eventual execution of a third phase that will be put into effect if the conditions of the market will demand it and in agreement between the Port Authority of Jamaica (PAJ) and the concessionaire. This last phase will consist mainly in the realization of a new dock with -15,5 draught meters.
To the contest for the privatization of the terminal has participated also PSA, DP World, Ports America and Stevedore Services of America (SSA).
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Kingston Container Terminal (KCT) of the Jamaican port of Kingston will be managed by Kingston Freeport Terminal Ltd. (KFTL), Jamaican society participated with 60% from the French shipowning group CMA CGM and with 40% from the Terminal Link, terminalista society in its turn participated with 51% from same CMA CGM and with 49% from the Chinese Lowers Merchants Holdings International (CMHI). The concession contract, of the duration 30-year-old, has been undersigned yesterday.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
