The plan of International Container Terminal Services Inc. to invest P8.7 billion to develop the Port of Iloilo drew support from Senator Franklin Drilon, who is widely credited for the exceptional development of the Visayan city.
ICTSI global corporate head Christian Gonzalez, in a briefing attended by Ilonggo political leaders and business groups, represented by the Iloilo Economic Development Foundation, said ICTSI, owned by tycoon Enrique Razon Jr., planned to upgrade the Iloilo Port once the Philippine Ports Authority acted on its unsolicited proposal.
Attending the briefing held on May 24, 2019 in Makati City were Drilon, Mayor-elect Jerry Trenas, Congresswoman-elect Julienne Baronda and the Ilonggo business community represented by Narzalina Lim, Jocelyn Perez, Terence Uygongco, Rex Drilon and Francis Gentoral of ILED.
“The expansion of Iloilo port sits well with our plans for the province. This early we are seeing a heightened shipping activity in the province due to the economic developments that have taken place in the province for the past years,” Drilon said.