ICTSI opens new container terminal in Iraq
International Container Terminal Services (ICTSI) has launched the first phase of its new greenfield terminal development at Basra Gateway Terminal in the North Port, Umm Qasr, Iraq.
The project is the first entirely foreign financed development of new port infrastructure in Iraq.
“Today represents a milestone in the development of Iraq’s shipping infrastructure. ICTSI’s commitment to Iraq is evidenced in major investments in the upgrade of existing berths 19, 20 and the construction of the new terminal incorporating Berth 27,” said Enrique K. Razon Jr, ICTSI chairman and president.
“Modern and reliable infrastructure, equipped with state-of-the-art quayside and landside handling systems is critical for sustainable economic growth. We are confident the new terminal area will boost efficiency and speed the movement of import and export cargo supporting the rapid growth in Iraq’s economy,” he added.
Phillip Marsham, CEO, BGT, noted that the fast-track development and on-time delivery of the new terminal area was facilitated by the extremely good working relationship with the General Company for Ports of Iraq (GCPI) and other Iraqi government agencies.
When fully developed, the new terminal area will comprise 600 meters of quay and 50 hectares of yard area. Total investment for the first phase development is US $130 million.