International Container Terminal Services Inc. said a subsidiary signed an agreement with the Motukea impacted landowner community groups in Papua New Guinea to establish a collaborative framework needed for the joint port project to move forward.
“We are privileged and excited to have been granted the opportunity to collaborate with our host community to jointly realize the potential of the Port of Motukea as a logistics hub. This mutually beneficial goal would not be possible without the support of our host communities,” said ICTSI senior vice president and head of Asia Pacific Christian Gonzalez.
ICTSI won 25-year concessions each to operate the Ports of Lae and Motukea. Last week, ICTSI subsidiary South Pacific International Container Terminal Limited and the ICTSI Foundation signed a similar memorandum of agreement to enable the Lae project to move forward.
“We extend our gratitude to the local stakeholders here in Motukea for supporting this project. We look forward to the implementation of this engagement so we can fast track our development plans,” SICTL chief executive Edward Muttiah said.