RAZON-LED port operator International Container Terminal Services, Inc. (ICTSI) on Monday said that it had signed two 25-year agreements to operate international ports in Motukea and Lae in Papua New Guinea (PNG).

The terminal operating agreements were signed by ICTSI’s PNG subsidiaries, Motukea International Terminal Limited (MITL) and South Pacific International Container Terminal Linited (SPICTL), with the state-owned enterprise PNG Ports Corporation Limited (PNGPCL).