The Philippines company is investing $130m forthe first phase of its development and expansion of container facilities.
“This is by far the largest ever private investment inIraqi ports,” said ICTSI chairman Enrique K. Razon.
“We are excited about this opportunity, and we would liketo thank the Government of Iraq for the continued support in this endeavor.”
ICTSI said it will construct and operate three new quaysas well as takeover the management of berth number 20 for an initial 10 years.
The
