International Container Terminal Services, Inc. (ICTSI) has submitted a proposal to the Philippine Ports Authority (PPA) to develop two ports in the country's Visayan islands.
According to a statement, the terminal operator plans to invest USD $94 million in modern infrastructure and superstructure for the Iloilo Port Complex and Port of Dumangas.
As well as assisting the PPA to upgrade its port network, in order to improve the efficiency of inter-island and international cargo movement, ICTSI intends to operate and manage the two facilities.
Jupiter Kalambakal, of ICTSI, discusses the Manila Terminal in a recent Port Technology technical paper
An integral part of ICTSI’s investment is a plan to dredge and deepen the port at Iloilo itself, allowing for the direct entry of new generation megaships from around the world.
ICTSI will also invest in new port equipment for the two facilities, including modern quayside cranes for handling different types of cargo.
In addition to this, the company has highlighted further plans to introduce automated processes at the ports, promoting operational efficiency and increasing safety.
ICTSI Reveals Income Spike in Q3 Report #PTIDaily SEE MORE: https://t.co/VKV0O5yMRk#terminals #shipping #finance pic.twitter.com/lhCBGs8GRI
— Port Technology (PTI) (@PortTechnology) November 7, 2018
Enrique K. Razon Jr., ICTSI Chairman and President, commented: “We truly believe in the growth potential of the Visayas in general and of Iloilo in particular.
“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.”
Christian Gonzalez, ICTSI Global Corporate Head, added: “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.”
