International Container Terminal Services Inc. (ICTSI) will put up its first terminal in the Democratic Republic of Congo (DRC).
“We have been following the positive economic developments in DRC closely, and are proud that we can take part in building the needed infrastructure for the future growth and prosperity of the country,” said Enrique Razon Jr., chairman and president of ICTSI.
ICTSI Congo DR will be located on the riverbank of the Congo River in Matadi, which is now the main entry point for containers into Congo, serving the greater region and the Kinshasa market.
The company said that the port facility to be developed under Phase 1 will be able to handle 120,000 twenty-foot equivalent units and 350,000 metric tons. The capacity and berth length can, subject to demand, be doubled in Phase 2.
Phase 1 will consist of two berths with a total length of 350 meters, which will be servicing shipping lines, importers and exporters with modern infrastructure, state of the art equipment and highly skilled staff, matching international standards.
It is estimated that the total capital expenditure of the project for Phase 1 will be approximately $100 million.
ICTSI Congo DR is a joint venture between by ICTSI Group, which holds a 60-percent interest, and Simobile S.P.R.L. 40 percent.
The facility is expected to commence operation in 2015.