Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

e2d2b95515c7a2b7e1585f821775170b

ICTSI proposes $96m development for Iloilo ports

International Container Terminal Services, Inc. (ICTSI) is planning to develop two Philippine ports in Iloilo with an investment amount of around PHP5bn ($95.5m).

The container terminal operator has submitted its proposal to the Philippine Ports Authority (PPA) to develop the Iloilo Port Complex and the port of Dumangas.
ICTSI also submitted a letter of intent to modernise the ports’ infrastructure and superstructure, and to eventually manage and operate the two Iloilo ports. The developments are also aimed at upgrading the Philippine port network by facilitating inter-island and international cargo movement.

“That growth is anchored on the building of infrastructure and the delivery of basic utilities and services. With the development of port superstructure and the cost-efficient delivery of electric services, we hope to be able to help Iloilo in attaining its full potential,” said Enrique K. Razon Jr., ICTSI chairman and president.

Read more: ICTSI expanding flagship Manila terminal

New port equipment to be brought in during the first phase of the development project has been estimated to cost PHP1.3bn, and will include modern quayside crane handling equipment.

The investment will also include the dredging and deepening of the port itself and the channel to allow the direct entry of new generation, international ships.

The port of Dumangas will be upgraded at the same time for it to handle the spill over from the city port.

ICTSI said it will introduce new systems in operations, engineering and administration. The introduction of automation will further promote efficiency and security.

Christian R. Gonzalez, ICTSI global corporate head, commented: “ICTSI believes that the ports’ development will not only improve efficiency but will, more importantly, evolve the ports into becoming the Philippines’ Visayas hub that will improve connectivity for cargo movement within the country. Our vision is to ultimately turn these two ports into international gateways.”

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish

Panama_Webinar_Leaderboard_FINAL.jpg