Manila: The country's two largest port operators have deferred domestic expansion plans next year owing to the expected economic downturn, an official of state-run Philippine Ports Authority (PPA) said.
Oscar Sevilla, PPA general manager told reporters that International Container Terminal Services Inc. (Ictsi) and Asian Terminals Inc. (ATI) informed the agency in separate letters of the suspension of their respective expansion plans at the Manila International Container Terminal (MICT) and Eva Macapagal Super Terminal in South Harbor, Manila.
"Expansion plans of Ictsi and ATI are put on hold next year because of the global crisis," he said. [17/04/09]
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