Port operator International Container Terminal Services Inc. proposed a long-term operation contract to the government of Brunei to improve services and maintain global standards at Brunei port.
ICTSI vice president for operations Christian Gonzalez said the proposal was submitted to the Brunei government recently.
“We have proposed to enter into a long-term concession with the Brunei government. So far, we’re on our fifth renewal,” he told reporters Tuesday at the sidelines of the 14th MAP International CEO Conference in Makati City.
Gonzales said unit New Muara Container Terminal Services SDM BHD had been renewing short-term concession with Brunei but it would be more cost-efficient if the concession was converted to long-term deal.
ICTSI is asking for at least a 20-year concession to operate and maintain the Brunei port.
The Brunei government is currently reviewing the proposal.
ICTSI recently renewed for another year the operation and maintenance of Muara Container Terminal from May 21, 2016 to May 20, 2017.
ICTSI operates a 250-meter quay within a five-hectare terminal with capacity to handle 250,000 twenty-foot equivalent units.