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International Container Terminal Services and Société de Gestion du Port Autonome de Toamasina signed a 15-year deal to extend the concession of the Madagascar International Container Terminal
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The concession extension runs from 2025 through to 2040
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It complements the US$639-million port expansion project now underway in Toamasina
International Container Terminal Services, Inc. (ICTSI) and Société de Gestion du Port Autonome de Toamasina (SPAT) have signed a 15-year contract extending the concession of the Madagascar International Container Terminal.
The concession extension runs from 2025 through to 2040. ICTSI has held the concession since 2005 through its wholly owned subsidiary Madagascar International Container Terminal Services Limited (MICTSL).
MICTSL provides container handling services for the Port of Toamasina, the main maritime gateway of Madagascar.
ICTSI said that throughout its tenure, MICTSL, working in conjunction with SPAT, has consistently added capacity and streamlined services in line with the needs of Madagascar’s diverse import and export community.
The concession extension complements the US$639-million port expansion project now underway in Toamasina—with $411 million provided by the Japan International Cooperation Agency and $227 million by the government of Madagascar.
ICTSI said implementation of the port extension project ensures the presence of modern port capacity over the long term.
It said major container sector improvements include comprehensive quay and yard capacity expansions.
A new 756-meter container berth, with a draught of 16 meters alongside and equipped with ship-to-shore container gantries, is central to plans to provide for increases of vessel size up to a capacity of 14,000 twenty-foot equivalent units.
Infrastructure improvements on the landside will see the addition of a 15-hectare container yard as well as a new gate complex, a modern workshop and extensive security infrastructure. Reefer capacity will be extended from the present 120 plugs to more than 400 plugs.
