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ICTSI to pump in $40m to dredge Congo project

Philippines-based global smaller port operator International Container Terminal Services Inc (ICTSI) is investing PHP2.02 bn ($39.7) to dredge the Congo River to enable direct calls of vessels at the ports of Matadi and Boma.

Vincent Wee, Hong Kong and South East Asia Correspondent

July 11, 2017

1 Min Read
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ICTSI said it has signed a memorandum of understanding with Belgian firm Dredging International to deepen the Congo River.

The project will involve the deepening of the Congo River in phases to an eventual depth of at least 12.1m, allowing mainline vessels to make direct calls at the ports of Matadi and Boma.

ICTSI currently operates the new Matadi Gateway Terminal in Congo.

The Matadi Gateway Terminal is a joint venture company between ICTSI, the Ledya Group and SCTP SA.

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About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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