ICTSI Wins 20-Year Concession for Sudan Box Terminal

Business & Finance

Port operator International Container Terminal Services (ICTSI) has been declared preferred bidder to operate, manage and develop the South Port Container Terminal (SPCT) in Port Sudan.

Illustration; Image Courtesy: ICTSI

Namely, the independent state corporation Sea Ports Corporation of Sudan (SPC) elected ICTSI to operate and manage the terminal at the port of Port Sudan under a 20-year concession.

In a stock exchange announcement, the port operator informed that it would resume the operational and development responsibility for SPC’s existing container terminal infrastructure and terminal handling equipment.

In 2017, SPCT had a throughput of 470,000 TEU. The terminal has a capacity in excess of 1 million TEU.

ICTSI and SPC will enter into negotiations with the purpose of concluding the concession agreement.