SISCO Unit Signs 20-Year BOT Concession Agreements To Operate Four Multi-Purpose Terminals

Reuters
Jun 23
June 23 (Reuters) - SUSTAINED INFRASTRUCTURE HOLDING COMPANY <2190.SE>::
*UNIT SIGNED 20-YEAR BUILD, OPERATE AND TRANSFER $(BOT.AU)$ CONCESSION AGREEMENTS TO OPERATE FOUR MULTI-PURPOSE TERMINALS IN THE RED SEA
*CONTRACT 20-YEAR TOTAL CAPEX INVESTMENT IS SAR 1.569 BILLION IN UPGRADES FOR ALL FOUR FACILITIES
*OVER FIRST FIVE YEARS OF CONCESSIONS, RSGT WILL INVEST SAR 672 MILLION ($180 MILLION) IN INFRASTRUCTURE, EQUIPMENT AND TECHNOLOGY
*OVER FULL 20-YEAR TERM OF CONCESSION, RSGT WILL INVEST A TOTAL OF SAR 1.569 BILLION (USD $418 MILLION) IN UPGRADING FOUR FACILITIES
*UNDER TERMS OF CONCESSIONS, RSGT WILL TAKE OVER THE EXISTING FACILITIES AT KING FAHD INDUSTRIAL PORT YANBU, YANBU COMMERCIAL PORT, THE PORT OF JAZAN, AND JEDDAH ISLAMIC PORT MULI-PURPOSE AND RO-RO TERMINAL
*COMBINED AVERAGE ANNUAL CARGO THROUGHPUT FOR THESE FACILITIES IS PROJECTED TO BE 3 MILLION TONS OF GENERAL CARGO; 13 MILLION TONS OF BULK CARGO; 13.5 MILLION TONS OF LIQUID BULK CARGO; 710,000 UNITS OF RO/RO (VEHICULAR) CARGO; AND 8 MILLION HEAD OF LIVESTOCK

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 23-JUN-202512:41:54.363 GMT

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10