The Philippine-based company was awarded the Tartous container terminal concession following a competitive international tendering process, which saw it emerge as the preferred bidder.
Located on the North Quay, Pier B in the port, the concession site comprises 540 meters of quay with a draught of 12-13 meters alongside and a 250,000 square meter terminal area. Operations are scheduled to commence in early 2007 with these incorporating a specialised over-the-quay container handling system in the short-term.
ICTSI chairman and CEO Enrique Razon said: “The Syrian container market has seen double digit growth since 2000, and ICTSI is very pleased to be at the centre of this dynamic new market and the pioneering port privatization initiative in Tartous, the first of its kind in the country. Our experience record of working in six continents of the world, often in challenging environments and focusing on medium throughput container terminals, makes us ideally equipped to undertake the challenge in Tartous, and we have every confidence that this terminal will quickly become a valuable addition to the growing portfolio of ICTSI terminals worldwide.”