AfricaAsiaPorts and Logistics
ICTSI quits Nigerian port project
International Container Terminal Services Inc (ICTSI) continues to prune its ports empire. Having already exited Brunei and Portland this year, the Philippine terminal operator has decided to terminate its sub-concession at Lekki port in Nigeria.
“The parties arrived at this decision following delays in the execution of the Lekki Port Project,” ICTSI said in a release. ICTSI first signed up for the project near Lagos in 2012.