Business & Finance

about 8 years ago

ICTSI: New Investments in Basra Gateway Terminal

International Container Terminal Services, Inc (ICTSI) is forging ahead with investment in the second phase of new container terminal infrastructure at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. The port operator said in a press release that this expansion phase will be completed in s

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International Container Terminal Services, Inc (ICTSI) is forging ahead with investment in the second phase of new container terminal infrastructure at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr.

The port operator said in a press release that this expansion phase will be completed in stages by the third quarter of 2019.

The expansion will add 400m of new quay with a draft of 14m, alongside a new 30-hectare yard area and a 15-hectare secure parking area, three post-Panamax ship-to-shore cranes and seven rubber tired gantries (RTG).

The overall design provides for handling container vessels of up to 9,000 TEU capacity.

“ We are listening to our customers and are proactively meeting their needs ,” said Phillip Marsham, BGT executive officer.

“The second phase expansion will not only allow us to respond immediately to scale needs, but also deliver added flexibility to the whole container handling operation with diverse benefits flowing to our customers.”

When the second phase is completed, ICTSI would have invested over $250 million for a new berth, yard construction, and handling equipment pushing BGT to an annual handling capacity of over 1 million TEU.

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