International Container Terminal Services (ICTSI) has recently inaugurated ‘Yard 7’ of its Manila International Container Terminal (MICT) which includes the commissioning of four new rubber tired gantry cranes (RTG).
As part of MICT’s US$106 million expansion project, Yard 7 adds substantial capacity to the terminal, which is now at 2.75 million TEU, up from 2.5 million TEU.
This not only addresses the current demand of shipping line clients and the port community for terminal services but also of anticipated growth.
ICTSI and government officials were present for a ribbon-cutting ceremony, marking the start of operations of Yard 7.
Among the officials who attended the event were: Juan Sta. Ana, General Manager of the Philippine Ports Authority, Jose Rene D. Almendras, Cabinet Secretary for The Philippines and Enrique K. Razon Jr., Chairman and President of ICTSI.
Fact File: In 1988, ICTSI won the 25 + 25 years concession to operate the MICT in an international tender. Since ICTSI’s takeover, MICT has increased its annual capacity five-fold, expanded its container handling fleet to make it the largest and most modern container terminal in the Philippines, and switched from a manual control system to an integrated real-time IT terminal control system. MICT is ICTSI’s flagship operation.
Fact File: Headquartered and established in 1988 in Manila, Philippines, ICTSI is in the business of port operations, management and development. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, Europe and the Middle East, and Africa. ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector.
