Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), said Friday it was granted a 25-year extension to operate and manage the Mindanao Container Terminal (MCT).
The extension, awarded by the PHIVIDEC Industrial Authority, allows MICTSI to continue managing the MCT until 2058.
Located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, the MCT serves as a key gateway for trade in southern Philippines.
To enhance the terminal’s capacity and efficiency, MICTSI plans to invest more than $100 million in infrastructure upgrades.
The investment includes a 300-meter berth extension and the acquisition of new equipment to handle the expected growth in cargo volumes. These enhancements are projected to significantly boost the terminal’s annual capacity from its present 350,000 twenty-foot equivalent units (TEUs).
The new berth will enable the shipping industry to deploy larger ships on new service routes to support growth and demand from Mindanao’s importers and exporters. Additionally, the expansion project will further promote PHIVIDEC’s agenda to grow its locator base. Darwin G. Amojelar
“ICTSI is proud to continue our work at Mindanao Container Terminal, a critical hub for trade in southern Philippines,” said MICTSI president and general manager Aurelio C. Garcia.
“This extension allows us to implement our vision for the terminal’s future, with significant investments in new technology and infrastructure to meet the evolving needs of our customers and the region,” he said.
PHIVIDEC administrator and chief executive Joseph Donato Bernedo said, “Today’s signing ceremony reflects our commitment to growth and sustainability of PHIVIDEC-IA under this administration, and we will continue to grow with our other projects and initiatives that are lined up to benefit not only Northern Mindanao but also the entire country. “
The extension highlights the strong partnership between ICTSI and PHIVIDEC-IA in developing critical infrastructure to facilitate trade and drive economic growth in Mindanao.
