ICTSI Secures 25-Year Extension for Mindanao Terminal
International Container Terminal Services Inc. (ICTSI), through its subsidiary Mindanao International Container Terminal Services Inc. (MICTSI), has been granted a 25-year extension to operate the Mindanao Container Terminal (MCT) in Misamis Oriental. The PHIVIDEC Industrial Authority approved the extension, allowing MICTSI to manage the terminal until 2058. The MCT, located within the PHIVIDEC Industrial Estate
By Staff Writer
International Container Terminal Services Inc. (ICTSI), through its subsidiary Mindanao International Container Terminal Services Inc. (MICTSI), has been granted a 25-year extension to operate the Mindanao Container Terminal (MCT) in Misamis Oriental.
The PHIVIDEC Industrial Authority approved the extension, allowing MICTSI to manage the terminal until 2058. The MCT, located within the PHIVIDEC Industrial Estate in Tagoloan, serves as a vital trade gateway in the southern Philippines.
To enhance MCT’s capacity, MICTSI plans to invest over $100 million (approximately PHP 5.67 billion) in infrastructure upgrades.
Key developments include a 300-meter berth extension and the procurement of new equipment, which will boost the terminal’s annual capacity beyond its current 350,000 twenty-foot equivalent units (TEUs).
“The new berth will enable the shipping industry to deploy larger ships on new service routes to support growth and demand from Mindanao’s importers and exporters,” MICTSI President and General Manager Aurelio C. Garcia said. “This extension allows us to implement our vision for the terminal’s future, with significant investments in new technology and infrastructure to meet the evolving needs of our customers and the region.”
International Container Terminal Services Inc. (ICTSI), through its subsidiary Mindanao International Container Terminal Services Inc. (MICTSI), has been granted a 25-year extension to operate the Mindanao Container Terminal (MCT) in Misamis Oriental.
The PHIVIDEC Industrial Authority approved the extension, allowing MICTSI to manage the terminal until 2058. The MCT, located within the PHIVIDEC Industrial Estate in Tagoloan, serves as a vital trade gateway in the southern Philippines.
To enhance MCT’s capacity, MICTSI plans to invest over $100 million (approximately PHP 5.67 billion) in infrastructure upgrades.
Key developments include a 300-meter berth extension and the procurement of new equipment, which will boost the terminal’s annual capacity beyond its current 350,000 twenty-foot equivalent units (TEUs).
“The new berth will enable the shipping industry to deploy larger ships on new service routes to support growth and demand from Mindanao’s importers and exporters,” MICTSI President and General Manager Aurelio C. Garcia said. “This extension allows us to implement our vision for the terminal’s future, with significant investments in new technology and infrastructure to meet the evolving needs of our customers and the region.”
The expansion aligns with PHIVIDEC’s agenda to attract more locators and stimulate regional development.
PHIVIDEC Administrator and CEO Atty. Joseph Donato J. Bernedo emphasized the collaboration’s significance.
“Today’s signing ceremony reflects our commitment to growth and sustainability of PHIVIDEC-IA under this administration,” Bernedo said. “We will continue to grow with other projects and initiatives that benefit not only Northern Mindanao but also the entire country.”
The planned upgrades are expected to strengthen Mindanao’s position in global trade by accommodating larger vessels and increasing efficiency in cargo handling.
The expansion aligns with PHIVIDEC’s agenda to attract more locators and stimulate regional development.
PHIVIDEC Administrator and CEO Atty. Joseph Donato J. Bernedo emphasized the collaboration’s significance.
“Today’s signing ceremony reflects our commitment to growth and sustainability of PHIVIDEC-IA under this administration,” Bernedo said. “We will continue to grow with other projects and initiatives that benefit not only Northern Mindanao but also the entire country.”
The planned upgrades are expected to strengthen Mindanao’s position in global trade by accommodating larger vessels and increasing efficiency in cargo handling.
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