Noho-Magae Supports ICTSI as Stakeholders

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Noho-Magae, an organization representing the Baruni and Tatana communities in Papua New Guinea, has announced their support for International Container Terminal Services, Inc. (ICTSI) South Pacific joining as stakeholders of the Motukea International Terminal (MIT) in Port Moresby.

Baruni Community Development Association (BACODA) chairman Iduhu Erue Igo, and Tatana-Araira Development Association (TADA) deputy chairman Tom Lancan signed the agreement formalizing the respective communities as shareholders.

Chairman of both Motukoitabu Assembley and TADA, Opao Udia, stated: “This is a momentous occasion for our communities.

“ICTSI has shown good intent throughout our negotiations and we are proud to be partners of MIT.

“We are confident that global port operator ICTSI will bring industry proven best practices to Papua New Guinea, and our communities-–as partners-–will benefit from the opportunities stemming from the implementation of international standards.”

Read the “Container Logistics 4.0. Key Themes for the Next 5 Years” technical paper for a discussion of the predicted developments in container shipping

Chief Executive Officer of MIT Edward Muttiah said: “ICTSI is delighted to have Noho-Magae on board to represent the interests of the Baruni and Tata communities.

“Today, we commence a 25-year journey and the strong support of our community partners has ensured a solid foundation built on trust, respect, and mutual commitment to build a world-class maritime facility–one that will, in time, become a source of pride for the nation.”

The formalization of the shareholder agreement follows the signing of a Memorandum of Agreement between the community representatives and MIT last year to establish a collaborative framework moving forward.

MIT will handle all international container and general, non-bulk cargo vessels through the international wharf at Motukea – ICTSI expects to begin operations in May 2018.

MIT has also committed to work closely with the communities to implement engagement projects, with support from the ICTSI Foundation to identify and promote high-impact programs for community development.

Read more: ICTSI Hits Over $1 Billion in 2017 Earnings

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