ICTSI concession brings transformation to Iloilo port…

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International Container Terminal Services Inc. (ICTSI), reports the award of a new concession in the Philippines and commencement of works on the upgrade of its Rio Brasil Terminal in Brazil.

Source: https://www.ictsi.com/press-releases/iloilo-port-set-modernization-ictsi-secures-25-year-concession

Artist’s rendition of ICTSI’s vision for the Visayas Container Terminal

The Philippine Ports Authority (PPA) has awarded ICTSI a new 25-year concession contract to develop and operate the Commercial Port Complex (ICPC) in Western Visayas. This decision represents a significant step forward in transforming ICPC into a modern and efficient gateway for the region.

Visayas Container Terminal (VCT), the future name of the facility after handover to ICTSI – is a critical gateway for trade in the Western Visayas. However, capacity efficiency constraints have hampered its full potential. ICTSI’s involvement aims to tackle these challenges head-on, unlocking the port’s economic potential.

VCT has 627m of operational quay and 20ha of land for container and general cargo storage, warehousing, and other cargo-handling activities. Upon signing of the contract, ICTSI will focus on improving terminal productivity and service quality by investing in the development and rehabilitation of the terminal infrastructure and the deployment of modern cargo-handling equipment.

Former Senator Franklin Drilon, a native of Iloilo, and long-term supporter of the port, outlined the importance of this decision: “With its impressive track record, ICTSI is well-positioned to efficiently manage the ports and address the longstanding congestion issues plaguing our ports, which have deterred potential investors. The decision to partner with ICTSI is a significant step forward in transforming VCT into a modern, world-class port facility and accommodating more domestic and international shipments. This will position Iloilo as a key driver of economic progress in the Philippines.”

Christian R. Gonzalez, Executive Vice President, ICTSI, notes: “We are elated and grateful to be entrusted with the redevelopment of the Iloilo Port. We recognise the port’s pivotal role in driving Iloilo’s economic and social growth. Our comprehensive proposal outlines significant investments in infrastructure upgrades, cargo-handling equipment, and operational efficiency measures, all aimed at transforming the Iloilo Port into a premier gateway.”