PSA acquires 85% stake in Loconi
NewsPSA Baltics will acquire an 85% stake in Loconi Intermodal S.A., aiming to expand rail services and enhance hinterland connections from the Baltic Hub.
The government of Brunei Darussalam is offering to put up 70% of the construction cost in a bid to find a backer for a new container terminal. Brunei has long been mooted as a location for a major transhipment hub and the government has already given the PSA a concession to operate the Muara container terminal.
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