The US$17.3m subsidy has been granted as part of an infrastructure and environment programme measure that focuses on the development ofiIntermodal transport in the region.<\/p>\n
It will form a portion of the total of the US$49.2 needed for the expansion project at the terminal – which is expected to be completed in 2015. The money will go towards purchasing new equipment, modernising the yard area and road improvements.<\/p>\n
This is part of ICTSI’s overall strategy to increase BCT\u2019s annual capacity by 60% from 750,000 to 1.2m teu. BCT at Gdynia Port is already one of the biggest terminals in the Baltic region and Poland’s largest.<\/p>\n
And it\u2019s not only Baltic intermodality that ICTSI is focusing on. The Manila Bulletin<\/i> reported this week that ICTSI Mauritius Ltd has signed a deal to buy 35% of Pakistan International Container Terminal Ltd (PICT) at Karachi Port. This is subject to the relevant clearance from governmental agencies in Pakistan. The operator is also rumoured to be undertaking a tender offer for even more PICT shares.<\/p>\n","protected":false},"excerpt":{"rendered":"
Baltic Container Services (BCT), International Container Service Inc\u2019s subsidiary in Poland, has inked a new subsidy agreement with the Center of European Union Transport Projects for part of the investment needed for the terminal expansion project at Gdynia Port.<\/p>\n","protected":false},"author":8,"featured_media":1863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"sponsor":[],"class_list":["post-1862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/comments?post=1862"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1862\/revisions"}],"predecessor-version":[{"id":1864,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/posts\/1862\/revisions\/1864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media\/1863"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/media?parent=1862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/categories?post=1862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/tags?post=1862"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport-congress\/wp-json\/wp\/v2\/sponsor?post=1862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}