Tuesday, 22 October 2019 | 22:38
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ICTSI to operate a port in Sudan

Sunday, 06 January 2019 | 20:00

Billionaire Enrique Razon’s International Container Terminal Services Inc said its subsidiary signed an agreement to operate, manage and develop a port in Sudan in northeast Africa.

ICTSI Middle East DMCC will run the South Port Container Terminal under a 20-year concession agreement with the Sea Ports Corp of Sudan, ICTSI told the stock exchange.

The 120-hectare port has container terminal assets such as cranes and a range of yard handling equipment, ICTSI said.

The transfer of facilities to ICTSI will take place in the first quarter of 2019, the statement said.
Source: ABS-CBN

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