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PNG landowner communities, ICTSI agree on Motukea port project framework

Published on Monday,11 December 2017

Motukea impacted landowner community groups in Papua New Guinea have signed a landmark agreement with International Container Terminal Services, Inc. (ICTSI), through its subsidiary, to establish a collaborative framework needed for the joint port project to move forward.
“We are privileged and excited to have been granted the opportunity to collaborate with our host community to jointly realize the potential of the Port of Motukea as a logistics hub.  This mutually beneficial goal would not be possible without the support of our host communities,” said Christian Gonzalez, ICTSI Senior Vice President and Head of Asia Pacific and MICT. 
ICTSI won 25-year concessions each to operate the Ports of Lae and Motukea.  Last week, ICTSI subsidiary South Pacific International Container Terminal Limited (SPICTL) and the ICTSI Foundation signed a similar memorandum of agreement to enable the Lae project to move forward.
Edward Muttiah, MICTL Chief Executive Officer, added:  “We extend our gratitude to the local stakeholders here in Motukea for supporting this project.  We look forward to the implementation of this engagement so we can fast track our development plans."  
The Memorandum of Agreement upholds the Subscription and Shareholders Agreement (SSA) included in the Terminal Operating Agreement (TOA) with the PNG Ports Corporation Limited for Motukea.  
ICTSI’s obligations under the agreement involve meaningful engagements with host communities through CSR initiatives. The ICTSI Foundation will work closely with local leaders and organizations to determine beneficiaries and the appropriate projects to ensure the development not only of the projects but also of the impacted communities. 

Source: http://www.transportweekly.com/pages/en/news/articles/138574/

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