AIIB funds Philippine port expansion

Asian Infrastructure Investment Bank has approved a US$300 million loan to International Container Terminal Services (ICTSI) to support the expansion and modernisation of three strategic container terminals across the Philippines.

(l-r) Manuel F. Pascua, ICTSI CFO and CRO; Christian R. Gonzalez, ICTSI EVP; Enrique K. Razon Jr., ICTSI chair and president, Zou Jiayi, AIIB chair and president; Najeeb Haider, AIIB global director general, project and corporate finance clients; and Yong

Asian Infrastructure Investment Bank has approved a US$300 million loan to International Container Terminal Services (ICTSI) to support the expansion and modernisation of three strategic container terminals across the Philippines.