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ICTSI Congo DR scheduled to open in 2015
International Container Terminal Services, Inc. (ICTSI) has announced that it plans to build a new terminal in the Democratic Republic of Congo (DRC), representing the Manila-based operator’s first investment in the African country.
The terminal, to be known as ICTSI Congo DR, will be located on the banks of the Congo River in Matadi, which serves as the main entry point for containers into the DRC serving both the greater region and the Kinshasa market.
“We have been following the positive economic developments in DRC closely and are proud that we can take part in building the needed infrastructure for the future growth and prosperity of the country,” declared ICTSI chairman and president, Enrique K. Razon Jr.
The box facility will be capable of handling 120,000 TEU upon the completion of Phase 1, with provisions in place for this number, dependent on demand, to be doubled, for Phase 2.
Phase 1 will boast two dedicated container berths with a quay length of 350 metres, and will incur a cost in the region of US$100 million, according to the Philippine firm.
ICTSI Congo DR is a joint venture between the ICTSI Group and Simobile SPRL, owning shares of 60 percent and 40 percent respectively.
The new terminal is scheduled to open for commercial shipping in 2015.
