A lump sum turnkey Engineering Procurement and Construction (EPC) Contract has been signed with China Harbour Engineering Company (CHEC). The EPC Contract includes all marine infrastructure and utilities for the port and land infrastructure for the container terminal. Equipment for container terminal will be provided by the operator.
CHEC is part of the China Constructions Communication Company, (“CCCC”), one of the foremost construction companies in China and the world. CCCC is currently executing projects under construction of more than USD 10 billion, and occupies about 65% shares of the global market in the field of port machinery, 76% of the dredging market in China and is responsible for over 92% of the design and port construction in China.
LPLE is supported and advised by The Louis Berger Group (LBG), an engineering firm that provides professional services in the area of civil, structural, mechanical, electrical, environmental and marine engineering, as the Project Management Company. LBG assisted LPLE in procurement of the EPC contractor and will manage and oversee construction and commissioning of facilities under the EPC Contract.
Sub-concession for operating the container terminal for 21 years has been awarded to International Container Terminal Services Inc. (ICTSI). ICTSI is well regarded in the port industry as being one of the few truly independent private common user operators in the world. ICTSI’s current port portfolio includes 27 terminal facilities in 19 countries. Consolidated container throughput at ICTSI ports stood at approximately 5.2 million TEUs in 2011 (up from approximately 3.8 million TEUs in 2008).
ICTSI has considerable experience in acquiring, developing, managing and operating container ports and terminals worldwide. ICTSI’s operating strategy is focused around emerging markets, with proven ability to adapt to different operating environments.