International Container Terminal Services Inc (ICTSI) has bagged a 26-year contract to construct and operate a container terminal in Melbourne, Australia.
In a disclosure to the Philippine Stock Exchange, the Enrique Razon-led port operator said its subsidiary in Australia, Victoria International Container Terminal Ltd (VICTl), has signed a contract with Port of Melbourne Corp (POMC) for the design, construction, commissioning, operation, maintenance and financing of the terminal and empty container park at Webb Dock East (WDE) in the Port of Melbourne.
“This new concession represents a major milestone for ICTSI, not only because it is our first concession in Oceania, but also because it establishes us as one of very few truly global operators with facilities on six continents,” Christian R. Gonzalez, ICTSI head of the Asia-Pacific region said.