PSA to construct and operate container port terminal in Colombia with partner

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.

Join ST's Telegram channel and get the latest breaking news delivered to you.