|
|
|
|
|
|
|
International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
|
|
|
|
|
Ports |
|
| ICTSI revives US$343 million expansion of Melbourne terminal |
|
Date:2023-02-21 Readers:
|
MANILA's International Container Terminal Services Inc (ICTSI) plans to spend US$343 million to expand its operations in the Port of Melbourne in a bid to make it the biggest operation in Australia, reports the Philippine Star.
Before this, ICTSI had spent $481 million in developing the VICT, making the firm one of the largest foreign investors in the State of Victoria.
Under the proposal, ICTSI will develop the Webb Dock North Container in phases leading to the integration of its operations with the VICT. ICTSI said that its plan would increase the efficiency of the Port of Melbourne at a lower investment cost and lesser environmental impact compared to submissions made by its competitors.
ICTSI vice president Christian Gonzalez said the project should broaden the container capacity of the VICT to 3.7 million TEU. Further, VICT would host four container berths that can accommodate vessels with up to 14,000 TEU and 367 metres in length.
Mr Gonzalez said ICTSI has hired the services of global firms to review its proposal in comparison to prior plans to expand the Port of Melbourne, with Jacobs Engineering conducting the detailed technical assessment and Boston Consulting Group doing the market and economic evaluation.
Based on the study, ICTSI's proposal could deliver savings of up to $165 million. Moving forward, the port operator informed the owners of the Port of Melbourne that it could test ICTSI's plan in any competitive process.
ICTSI chairman Enrique Razon said he wants to complete its expansion projects that were held up by the Covid scare. At present, ICTSI builds, manages and sustains container terminals across six continents.
https://www.shippingazette.com/menu.asp?encode=eng |
|
Back:
Panama ports volume down 1.2pc to 8.5 million TEU in 2022
Next:
Houston posts first decline in TEU imports as 2022 closes
|
|
|
|
|
|
|
