INTERNATIONAL Container Terminal Services, Inc (ICTSI) said its subsidiary, Operadora Portuaria Centroamericana S.A. de C.V. (OPC), has sealed its takeover of the concession to develop and operate the Puerto Cortés container and cargo terminal in Honduras.
In a statement to the Philippine Stock Exchange, ICTSI said the takeover deed was made with the Commission for the Promotion of the Public-Private Alliance, the National Port Authority and Banco Financiera Comercial Hondureña S.A.
The global port operator said the takeover was pursuant to the contract its unit had signed for the design, finance, construction, preservation, operation and exploitation of the container and general cargo terminal of Puerto Cortés.
The actual and physical takeover of OPC on the terminal will take place before the end of November.
When fully developed, the terminal will have 1,100 meters of quay for container vessels and 400 meters for general cargo ships; 14 meters of draft; 62.2 hectares of total surface area; 12 ship-to-shore cranes and a volume capacity of about 1.8 million twenty-foot equivalent units.