ICTSI Chairman Tours Basra Gateway Terminal
- Business & Finance
Enrique K. Razon Jr., International Container Terminal Services Inc.(ICTSI) chairman and president, recently visited Basra Gateway Terminal (BGT), ICTSI’s subsidiary in the Port of Umm Qasr, Iraq.
Razon inspected the continuing upgrade works at Berth 20, the existing facility in Umm Qasr’s North Port where ICTSI started operations in November 2014.
He also inspected the piling works taking place opposite ICTSI’s existing terminal where ICTSI is investing in the development of an entirely new state-of-the-art container/multi-purpose facility.
The first phase development of the new container/multi-purpose facility consists of a 250m berth and 13 hectares of storage area. Upon completion, the new facility will have a 600m berth and 55 hectares of yard/stacking area.
Overall, ICTSI is committed to invest $130 million to upgrade terminal facilities and capacity in order to meet the latest requirements of port users in the Port of Umm Qasr.