Port operator International Container Terminal Services Inc. and PSA International inaugurated the first phase of a $550-million terminal in the Port of Buenaventura, Colombia.
The first phase of the world class multi-user container and bulk handling facility can handle mega container vessels with a capacity of up to 18,000 twenty equivalent units and is seen to further spur the Colombian economy.
Puerto Aguadulce is operated by Sociedad Puerto Industrial de Aguadulce, the joint venture company of ICTSI and PSA.
“We have always been bullish on Colombia and believe that its economy is a key driver in pushing the Latin American market into the future. Exports from Colombia such as coffee and sugar remain in high demand. We at ICTSI want to be a partner in the country’s economic journey by offering top-notch port equipment, facilities and technology to facilitate this growing economy,” said ICTSI executive vice president Martin O’Neil.
“This new terminal is also a positive proof of the successful collaboration between foreign port partners and local stakeholders. For that we would like to thank the government for entrusting us with the privilege to build a vital facility,” O’Neil said.
Miguel Abisambra, Puerto Aguadulce chief executive, said the opening of Puerto Aguadulce marked an important milestone not only in Buenaventura but in the entire Colombia.
“The terminal is ideally positioned to be a hub for international trade. It was built and designed to meet the current and future requirements of customers and partners, with whom we are going to work with to offer high levels of services and productivity,” Abisambra said.
One of the leading port groups in the world, PSA brings to the table its complementary strengths and years of industry experience to ensure the success of the Aguadulce Port Project.
ICTSI and PSA signed the agreement to jointly develop, construct and operate the terminal and its ancillary facilities in September 2013.