ICTSI bags deal to develop, operate Honduras port

MANILA, Philippines—Port operator International Container Terminal Services Inc. has bagged a deal to develop and operate a container and cargo terminal at Puerto Cortes in Honduras, the largest and most significant port in Central America.

In a disclosure to the Philippine Stock Exchange on Monday, ICTSI said it won the international bidding for the design, financing, construction, maintenance, operation and exploitation of the specialized Puerto Cortes in Tegucigalpa, Honduras.

ICTSI was awarded a 30-year port contract during a public hearing on February 1, the disclosure said.  This further expands the global footprint of the flagship company of Filipino business tycoon Enrique Razon.

The container and general cargo terminal of Puerto Cortes will have 1.1 meters of quay for containers and 400 meters for general cargo.  It has a volume capacity of about 1.8 million twenty-foot equivalent units (TEU).