Impacted community landowner groups in Lae in Papua New Guinea have signed an agreement with International Container Terminal Services, Inc. (ICTSI) through the ICTSI Foundation and ICTSI subsidiary South Pacific International Container Terminal, Limited (SPICTL) as a necessary first step towards moving ahead with the joint ICTSI-community project in Lae.
The MOA, which was signed together with AHI Investments (AHI) and Labu Holdings (LABU), establishes a collaborative framework in support of ICTSI’s port project in Lae. ICTSI recently signed 25-year concessions to operate Lae and and Motukea.
Christian Gonzalez, ICTSI senior vice president and head of Asia Pacific, said: “We are committed to developing the new Lae terminal into a world class facility and the best in South Pacific. We will not only be investing in ship-to-shore gantry cranes and the highest levels of information technology but, most importantly, into training and human capital. We are excited and privileged to be working with the local communities on fostering a highly productive local workforce.”
Headquartered and established in 1988 in Manila, Philippines, ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, and Europe, the Middle East and Africa.