ICTSI plans to develop two ports in the Philippines
International Container Terminal Services, Inc. (ICTSI) has submitted a proposal to develop two ports in Iloilo, Philippines, for an estimated total investment of over PhP5bn (US$94m).
The company submitted a Letter of Intent to the Philippine Ports Authority (PPA) to modernise the infrastructure and superstructure of the Iloilo Port Complex and the Port of Dumangas, and eventually manage and operate them.
The US$94m investment estimated to fully develop the Iloilo Port Complex will include dredging and deepening of the port and its entry channel to allow handling of larger vessels.
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