International Container Terminal Services Inc (ICTSI; PSE:ICT) has informed the Philippine Stock Exchange that it has formally opened Puerto Aguadulce, a joint venture terminal in the Port of Buenaventura, Colombia.
The terminal is operated by Sociedad Puerto Industrial de Aguadulce, the joint venture company of ICTSI and PSA International.
The opening was led by Colombia’s President Juan Manuel Santos.
The first phase of the US$550 million world class multi-user container and bulk handling facility can handle mega container vessels with capacities of up to 18,000 TEUs.
One of the leading port groups in the world, PSA brings to the table its complementary strengths and years of industry experience to ensure the success of the Aguadulce Port Project.
ICTSI and PSA signed the agreement to jointly develop, construct and operate the terminal and its ancillary facilities back in September 2013.
The terminal had its soft opening late in November last year, servicing its first container vessel – the MSC Sasha with outstanding productivity levels. – BusinessNewsAsia.com