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ICTSI bags Brunei concession
09 Oct 2008
Philippine port darling International Container Terminal Services Inc (ICTSI) has won its tender to build and operate a container terminal in Brunei, according to local reports.
Brunei opts for Manila's sweetheart for its terminal development
Under the agreement, ICTSI will be expected to help design the 660-metre terminal on Pulau Muara Besar island, Brunei, and after construction the company will store and handle container cargoes through the terminal.
A project cost has not been revealed.
In a statement, the company added: "The award, however, is still subject to several requirements, including the negotiation of a formal memorandum of understanding between the parties."
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