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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="New reach stackers are set to arrive at the Visayas Container Terminal (VCT) in Iloilo City, Philippines as part of its ongoing modernization program. Photo from the ICTSI website. " src="https://od2-image-api.abs-cbn.com/prod/editorImage/1713170466953ICTSI gets PPA OK to operate Iloilo Port (1).jpg" class="fr-fil fr-dib"/><figcaption>New reach stackers are set to arrive at the Visayas Container Terminal (VCT) in Iloilo City, Philippines as part of its ongoing modernization program. <em>Photo from the ICTSI website. </em></figcaption></figure></div><p>MANILA -- The Philippine government has awarded a 25-year contract to develop and operate a commercial port in Iloilo to the <span style="color:rgb(20.000000%, 20.000000%, 20.000000%)">International Container Terminal Services Inc (ICTSI).</span></p><div><span style="color:rgb(20.000000%, 20.000000%, 20.000000%)">The Iloilo port complex has 20 hectares of land for container and general cargo storage. </span></div><div><span style="color:rgb(20.000000%, 20.000000%, 20.000000%)">The Enrique Razon-led firm said it will improve terminal productivity and service quality by developing its infrastructure and investing in cargo-handling equipment. </span></div><div><span style="color:rgb(20.000000%, 20.000000%, 20.000000%)">The ports giant will assume operations of the facility on April 15 after securing the notice to proceed from the Philippine Ports Authority.</span></div><p><a href="https://news.abs-cbn.com/business/08/31/23/ictsi-signs-750-million-loan-deal-with-metrobank" rel="noopener noreferrer" target="_blank">ICTSI signs $750 million loan deal with Metrobank</a><br/><br/>ICTSI executive vice president Christian Gonzales said the port will boost Iloilo&#x27;s economic growth.</p><p>&quot;<span id="isPasted" style="color:rgb(43, 43, 43);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;background-color:rgb(255, 255, 255);text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">We&#x27;re thrilled to begin operations and transform the Iloilo Port into a world-class gateway for the central Philippines,&quot; he said in a statement posted on the company&#x27;s website. </span>      </p><div><strong>RELATED STORY:</strong>         </div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe allowfullscreen="" class="fr-draggable" frameBorder="0" height="360" src="https://www.youtube.com/embed/WrDNJoKSnR0?&amp;wmode=opaque&amp;rel=0" width="640"></iframe></span>                                 </div>

<p>The Philippine government has awarded a 25-year contract to develop and operate the Iloilo commercial port to ICTSI. </p>

The Philippine government has awarded a 25-year contract to develop and operate the Iloilo commercial port to ICTSI.

ICTSI gets 25-year contract to develop Iloilo commercial port

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ICTSI gets 25-year contract to develop Iloilo commercial port

ABS-CBN News

Published April 15, 2024 05:35 PM PHT

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