ICTSI to Develop Umm Qasr Port (Iraq)

The Philippine-based International Container Terminal Services Inc (ICTSI) is about to invest $130 million in Iraq’s largest port, the Port of Umm Qasr, located on the Gulf coast.

Through its subsidiary ICTSI (M.E) JLT, the company signed, on April 8th, a contract with General Company for Ports of Iraq (GCPI) to operate, develop and expand container facilities at the Port of Umm Qasr.

Under the agreement, ICTSI will manage and operate the existing container facility at Berth 20 of the Port for a period of 10 years. For this purpose the company plans to spend $30 million in the rehabilitation of the Berth.

Also, ICTSI will build, under a build-operate-transfer scheme, a new container and general cargo terminal in the Port for a concession period of 26 years, and provide container and general cargo terminal services in both components.

For the new terminal, the company will invest around $100 million in the construction of a new 200-meter quay with an estimated capacity of 300,000 twenty foot equivalent units (TEUs).

Construction deadline for the new facility is 24 months. When finished, the new terminal will have capacity of 900,000 TEUs and a length of 600 meters.

Umm Qasr is the largest port in Iraq and the main gateway to the Iraqi market. The port handles liquid and dry bulk, general cargo and containers. The port has 21 berths, with total berth length of 5000 meters.

April 15, 2014

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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