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ICTSI completes US$30m modernisation project for Madagascar port

7/6/2007 2:33:49 PM

Madagascar International Container Terminal Services Ltd (MICTSL), a subsidiary of Philippine-based International Container Terminal Services, Inc. (ICTSI), has completed its US$30 million first phase modernisation program for Madagascar’s main port, the Madagascar International Container Terminal in Toamasina.

The multi-million dollar modernisation covers container handling equipment, infrastructure and information technology.

Container handling equipment introduced at the terminal include a twin-lift mobile harbour crane (US$5.2 million, four RTGs (US$5 million), and miscellaneous equipment such as terminal trucks and reach stackers (US$2 million).

Other investments include the US$7 million rehabilitation and development of the terminal’s container yard to enable the use of RTGs, and more than US$1 million in terminal operating systems.

The Madagascar International Container Terminal is Madagascar’s leading trade gateway, handling 90% of the country’s total container volume. ICTSI established MICTSL as a special purpose company for the project.

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