ICTSI inks 25-year Durban port deal
ICTSI’s partnership with South Africa’s state-owned Transnet SOC Ltd. in operating and further developing Durban Container Terminal Pier 2 ‘marks a shared commitment to revitalizing South Africa’s maritime infrastructure and unlocking new opportunities for growth for South Africa and the entire region.’
INTERNATIONAL Container Terminal Services Inc. has formally inked a 25-year joint-venture contract to operate and further develop the Enrique K. Razon Jr. — led International Container Terminal Services Inc.’s and South Africa’s state-owned Transnet has signed a 25-year contract to operate Durban Container Terminal Pier 2 (DCT2), the latter’s biggest container terminal handling over 70 percent of the Port of Durban’s throughput and some 46 percent of South Africa’s total port traffic. The facility spans 1,760 meters of operational quay length and 120 hectares of container storage and backup area.
Photo courtesy of ICTSI