ICTSI takes over management of Croatian terminal on Adriatic

MANILA's International Container Terminal Services Inc (ICTSI) has formally taken over the operations of Adriatic Gate Container Terminal in Croatia, after completing the transaction with Luka Rijeka to become the new majority shareholder in AGCT.


"We are pleased to complete the transaction," said Manuel Fernandez, ICTSI senior vice president for Europe, Middle East and Africa.


"We have undertaken comprehensive planning over recent weeks, and will now progressively move to implement works to upgrade the terminal and its service capabilities.


"New quayside and landside cranage, mobile equipment, vessel planning and terminal management systems, a new terminal entrance with direct access to the highway and a wide range of other improvements are on the agenda.


"This is in addition to the new 300 metre quay with 14.5 metres depth alongside that is under construction and scheduled to come into service early in 2013," he said.


The company said AGCT is expected to function as a gateway terminal to the Balkans and to Hungary.


"In parallel with AGCT development, which will see an investment of EUR70 million (US$102.3 million), the Croatian rail system between Rijeka and Zagreb is to be upgraded as well as liberalised to enable rail operations to take place," the statement said.


"These developments, together with the introduction of new simplified Euro-standard customs regulations, will complement the terminal investment and contribute to its larger role in the region."
(Source:http://www.schednet.com)