Philippine president inaugurates
ICTSI Brazil’s new container yard
Philippine president Gloria Macapagal Arroyo has inaugurated the expanded container yard of the Suape Container Terminal (SCT), a seaport facility in northeastern Brazil operated by Tecon Suape, S.A. (TSSA), a subsidiary of Philippine-based International Container Terminal Services, Inc. (ICTSI).
The expanded terminal area is part of ICTSI’s USD120 million phased investment program that would cement SCT’s position as a key Brazilian port serving trans-Atlantic trade. The investment program commenced in 2002, a year after ICTSI won the 30-year concession to manage, operate and develop the SCT.
The Suape Port event is part of the president’s visit to Brazil, a first for an incumbent Philippine president. During the morning’s program, Enrique K. Razon Jr., ICTSI chairman and president, toured Mrs. Arroyo around the SCT, and assisted the president in unveiling a marker commemorating her visit and in a ribbon-cutting ceremony signaling the start of operations of the terminal’s expanded area.
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