On 03 January 2019, International Container Terminal Services Inc. (ICTSI, PSE: ICT), through its wholly-owned subsidiary ICTSI Middle East DMCC, signed a concession agreement with the Sea Ports Corporation of Sudan (SPC) to operate, manage and develop the South Port Container Terminal (SPCT) at the port of Port Sudan, Republic of the Sudan.
SPC, the independent state corporation of the Republic of the Sudan that governs, constructs and maintains the country’s ports, harbors and lighthouses, and ICTSI, through its wholly-owned subsidiary ICTSI Middle East DMCC, has signed the Concession Agreement appointing ICTSI to operate and manage the SPCT at the port of Port Sudan, Republic of the Sudan, for a 20-year period.
ICTSI will assume the operational and development responsibility for SPC’s existing container terminal infrastructure and terminal handling equipment while SPC will become the landlord and supervisory authority for the terminal.
Transfer of the facilities to ICTSI management will take place in Q1 2019.
The Tender Process was led by SPC, with Hamburg Port Consulting as international advisor, and attracted bids from a number of international port operators.
In 2017, SPCT had a throughput of 470,000 TEU. The terminal has a capacity in excess of 1 million TEU.
SPCT has state-of-the-art container terminal assets. It has a land area of 180 hectares and 1200 meters quay wall, with a design water depth of up to 16 meters and thus the capability to receive global shipping lines’ largest container vessels. It has equipment that includes 8 Ship-to-Shore Gantry Cranes and an extensive range of yard handling equipment including more than 20 Rubber-Tired-Gantry Cranes.