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).
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94