International Container Terminal Services Inc. (ICTSI) of ultra bilyonaryo Enrique K. Razon will get to operate the Baltic Container Terminal (BCT) for another 30 years after securing a lease extension.
ICTSI, which operates the multipurpose terminal at the Port of Gdynia in Poland, said it signed a new 30-year lease for the BCT with the Port Authority of Gdynia S.A., extending the terminal’s operations until 2053.
“ICTSI is delighted to extend its cooperation with the Port of Gdynia for another 30 years,” the company said.
BCT, according to ICTSI, represents an important component in Poland’s port infrastructure, functioning as a key maritime gateway for containers and general cargo.
ICTSI has been active in the Port of Gdynia since 2003, investing over $100 million in the terminal’s facilities, personnel and general service capability.