Sale of New York Container Terminal completed
The Ontario Teachers’ Pension Plan said it has completed its purchase of the New York Container Terminal on Staten Island, New York.
The Howland Hook facility is the last of four marine container terminals to be purchased by the pension plan from Hong Kong’s Orient Overseas (International) Ltd. for $2.4 billion.
Earlier this year, the pension plan completed its acquisition of Global Terminal and Container Systems, Inc., in Bayonne, N.J., and TSI Terminal Systems Inc.’s facilities in Delta and Vancouver, B.C.
The purchase of the four terminals represents the pension fund’s largest infrastructure investment.
Sale of New York Container Terminal completed
