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.
Brunei seeks backers
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.
However, the PSA obviously has no intention of developing another transhipment hub so close to its own facilities in Singapore and Muara is handling around 110,000 TEU/year of mostly local cargo. Some time ago the Brunei Economic Development Board (BEDA) engaged Halcrow Group to prepare a feasibility study for a new terminal on Pulau Mera Besar, an island opposite the existing Muara terminal.
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This complete item is approximately 325 words in length, and appeared in the April 2006 issue of WorldCargo News, on page 7. To access this issue download the PDF here.
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