Philippines company International Container Terminal Services Inc (ICTSI) and Singapore-based PSA International are targeting the Aguadulce peninsula for expansion.

"We are excited about the prospect of working with PSA to develop a terminal that we know will be key to Colombia's trade growth,” ICTSI chairman Enrique Razon Jr said in a statement.

ICTSI subsidiary Sociedad Puerto Industrial Aguadulce (SPIA) has a 30-year concession to run the port.

PSA