CICT gets "stay of execution" Cagliari International Container Terminal,Cagliari Port Authority, Ports and port authorities, September 2002

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Published: September 2002

CICT gets "stay of execution"

Cagliari International Container Terminal (CICT) has been "ordered" by the Cagliari Port Authority (APC) to find a regular (deepsea) customer within three months or its long-term concession awarded in 1997 to operate the facility at Porto Canale will be revoked.

In effect this represents a further stay of execution for the P& O Ports/GIP-led consortium, which was supposed to be handling 1 mill TEU/year by now. Apparently CICT is committing to handle a minimum 150,000 TEU/year in 2003, with a ±10 per cent maximum tolerance factor built in....

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Approx 300 words from WorldCargo News, September 2002, page 9.

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