A company owned by International Container Terminal Services, Inc., based in Manila, Philippines, and Anglo Ports, based in St. Leonards, Australia,
have signed a contract for the design, construction, commissioning, operation, maintenance, and financing
of the Port of Melbourne’s new international container terminal and empty container park at Webb Dock.
The two companies said the new terminal “will deliver a global standard in modern container terminal design, innovation and operations, and will become the flagship facility in Australia’s premier port.”
The project marks ICTSI’s entry into Australia.
The terminal will be built through the Australian company Victoria International Container Terminal Limited (VICTL), which is 90-percent owned by ICTSI and 10-percent owned by Anglo Ports.
The contract grants VICTL the rights to design, build and operate the new terminal at Webb Dock and design, build and operate the new, on-port Empty Container Park at Webb Dock East. The lease concession extends to 2040, enabling a competitive platform for the development of ICTSI’s Australian business.
Phase 1 of the terminal, which is to be ready for operation by the end of 2016, will have estimated annual capacity of 350,000 TEU. Phase 2, due for delivery at the end of 2017, will boost annual capacity to 1.4 million TEU, with the empty container park’s capacity rising to 280,000 TEU.