ICTSI inaugurates Basra Gateway Terminal expansion area
International Container Terminal Services, Inc. (ICTSI) today formally opened the first phase of its new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq, the company said in its press release.
The official inauguration of the new facility marks the successful implementation of the first entirely foreign financed development of new port infrastructure in Iraq.
When fully developed, the new terminal area will comprise 600 meters of quay and 50 hectares of yard area. Total investment for the first phase development is USD130 million.
In addition to the acquisition of new equipment and IT systems BGT has invested heavily in the training of its workforce, drawn largely from the local community.
ICTSI operates 30 terminals in 20 countries and is recognised to be a leading developer, manager and operator of gateway terminals of different sizes and serving extended hinterlands including cross border.