ICTSI bags Brunei concession

Philippine port darling International Container TerminalServices Inc (ICTSI) has won its tender to build and operate acontainer terminal in Brunei, according to local reports.

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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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