Leading terminal operator International Container Terminal Services, Inc. (ICTSI) is set to upgrade the Mindanao Container Terminal (MCT), according to reports.
The facility, which is located in the Philippines, will install a new terminal operating system (TOS) and port equipment to become an international gateway for trade in Southeast Asia.
The improvements to the terminal, scheduled for 2019, will help MCT to accommodate an increase in throughput volume predicted for this year.
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A statement from the ICTSI subsidiary said: “We aim to help spur economic growth in the countryside, especially now that Northern Mindanao, through the Misamis Oriental economic zone, is poised to become a prime investment hub in the region.
“Now that more investments are coming into the Misamis Oriental economic zone, we have to be ready to accommodate the surge in demand.”
Jupiter Kalambakal, of ICTSI, discusses the Manila Terminal in a recent Port Technology technical paper
In addition to its role as an international gateway, MCT is also planning to become a key transhipment, centre connecting Mindanao with other regions in the Philippines.
Equipment that is ready to be installed before the end of the year includes new reach stackers, terminal tractors and trailers.