In October 2009, National Commission for Privatization (NCP) commenced a competitive bidding process to concession the container terminal at Queen Elizabeth II Quay. Bollore Transport and Logistics of which Freetown Terminal Limited is a subsidiary emerged the successful bidder and eventually entered into a concession agreement with the government of Sierra Leone in 2010. That concession agreement gave the company 100% right to operate the container terminal. Since signing the concession agreement, there have been addendum geared towards amending relevant sections of which addendum number 4 signed in September of 2015, contained the development of a new berth, with a length of 270 meters and a draught or depth of 13 meters. The agreement also contained the installation of modern port equipment that includes 2 Ship to Shore cranes (STS) 4 Rubber Tire Gantry cranes (RTG) for effective operation at the port. Also in the addendum agreement, the government of Sierra Leone was made to be an equity owner of 20% shares in the company. For the construction of the 270 meters Berth costing $120 million, Bollore-Transport-Logistics through Freetown Terminal will operate the container terminal until 2041.