PORT operator International Container Terminal Services Inc. (ICTSI) and La Société Dé Géstion Immobiliéré Léngo (Simobile) are forming a joint-venture company to develop a river port in Matadi, Democratic Republic of Congo.
ICTSI-DR Congo will be 60-percent owned by ICTSI through subsidiary ICTSI Coöperatief U.A., while Simobile will own the remaining 40 percent.
The joint-venture company will construct and operate a river port, which will include a container terminal, along the river bank of the Congo River. Investment for the first five years will amount to approximately $100 million.