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PSA to construct and operate container port terminal in Colombia

PSA International and International Container Terminal Services (ICTSI) have signed an agreement to jointly develop, construct and operate a container port terminal and ancillary facilities in the Peninsula of Aguadulce, Colombia.

Under the terms of the agreement, PSA will take a 45.64 per cent stake in Sociedad Puerto Industrial Aguadulce (SPIA), an indirect subsidiary of ICTSI which holds the 30-year concession for the Aguadulce Port project granted by the Colombian authorities.

Upon completion of the agreement, PSA and ICTSI will jointly own 91.28 per cent of SPIA.

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Written by Rico

Rico

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!