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Article: ICTSI awarded 10-year concession to run Syrian container terminal
- Article from:
- New Straits Times
- Article date:
- November 27, 2006
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New Straits Times
11-27-2006
ICTSI awarded 10-year concession to run Syrian container terminal
Edition: Main/Lifestyle
Section: Business Times
Type: News
GLOBAL port operator International Container Terminal Services Inc (ICTSI) said it has signed a new 10-year concession to operate the Port of Tartous in Syria.
ICTSI was awarded the Tartous container terminal concession by Tartous Port General Co (TPGC), following a competitive international tendering process, which saw it emerge as the preferred bidder.
In a statement issued in Kuala Lumpur, ICTSI said it plans to invest US$37 million (RM134.68 million) on the development of the new container terminal over the lifetime of the concession ...