MANILA -International Container Terminal Services Inc. (ICTSI) won a 25-year contract to operate and develop a South African terminal handling nearly half of the country’s port traffic.
In a disclosure on Tuesday, the Razon-led port operator said it was chosen as the preferred bidder by Transnet SOC Ltd.—a South African government state-owned company—to manage Durban Container Terminal (DCT) Pier 2 at the Port of Durban.
DCT 2 Pier is the biggest container terminal of Transnet. It handles 72 percent of the Port of Durban’s throughput and 46 percent of South Africa’s port traffic.
“Final award is subject to completion of legal agreements between Transnet and ICTSI,” the listed company said.
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