ICTSI wins bid for Melbourne’s third container terminal

Victorian Minister for Ports, David Hodgett has today May 2, 2014 announced International Container Terminal Services, (ICTSI) and Anglo Ports, through their Australian subsidiary, Victoria International Container Terminal Limited (VICTL) as the winning bidder for the Port of Melbourne’s third international container terminal and empty container park at Webb Dock.

Following an 18 month competitive bid process, VICTL has signed a contract with the Port of Melbourne Corporation that grants it the rights to design, build, operate and finance the new terminal at Webb Dock and the new empty container park at Webb Dock East.

The 26 year lease concession that extends to 2040, marks ICTSI’s entry into Australia, and further extends ICTSI’s portfolio of managed ports to 30 terminals across six continents.