TPG and PSA currently have extensive collaboration on port projects in China with PSA having invested in two of Tianjin Port\’s container terminals, Tianjin Port Pacific International Container Terminal (TPCT) and Tianjin Port Alliance International Container Terminal (TACT). The two facilities together comprise 10 berths able to handle the world’s largest container vessels ships and the agreement forms the basis for both companies to seek further collaboration and expansion.
Tian Chang Song, TPG group president said, “This agreement is another critical milestone in the very friendly and positive relationship that TPG has with PSA (and) together the aim is to ensure that Tianjin Port will be a world class facility for global container shipping.”
Tan Chong Meng, PSA group CEO thanked TPG for giving PSA the opportunity to enhance the bilateral ties and to further PSA’s involvement in helping develop Tianjin Port into a resounding success.”
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