ICTSI secures 30-year deal to run Indonesia’s Batu Ampar port
International Container Terminal Services Inc. (ICTSI) led by billionaire Enrique Razon Jr. has secured a 30-year contract to operate and modernize one of Indonesia’s crucial logistics infrastructure.
In a disclosure to the local bourse on Friday, ICTSI said PT Batu Ampar Container signed the concession with state-run PT Batam Terminal Petikamas for the development of the Batu Ampar Container Terminal (BACT).
PT Batu Ampar Container is a 75/25 joint venture between the global port operator and PT Interport Sarana Infrastruktur Indonesia.
BACT serves as the main container terminal for Batam Island, which is along the Malacca Strait—a major shipping route connecting the Indian and Pacific oceans. The facility has 1,032 meters of operational quay length, five ship-to-shore cranes and a fully developed backup area.
In 2024 alone, the port handled more than 600,000 twenty-foot equivalent units of cargo containers.
ICTSI owns or operates facilities in 19 countries across the three regions, with Asia still contributing the highest in terms of port revenues.
The company’s project in Indonesia, East Java Multipurpose Terminal, started receiving container ships late last year. ICTSI earlier boasted that the terminal could accommodate all types of cargo.
Further strengthening its presence in foreign markets, ICTSI said in July that it had increased its stake in Inhauma Fundo de Investimento Imobiliario-FII (FII Inhauma). It has perpetual rights over a terminal property in Rio de Janeiro.
ICTSI has earmarked $580 million to expand its seaport facilities in the Philippines and abroad. The company said the fund would support projects in Batangas, Manila and Cagayan de Oro as well as Mexico, the Democratic Republic of the Congo and Brazil.
The firm would also begin building an $800-million seaport in Bauan, Batangas. Another $100 million will be used for the capacity expansion of Mindanao International Container Terminal Services Inc.
