ICTSI Stretches Manila Terminal

ICTSI Stretches Manila Terminal

Philippines’ largest port terminal operator International Container Terminal Services, Inc. (ICTSI) has expanded yard capacity at its flagship Manila International Container Terminal (MICT) with the recent completion of Phase 1 of it’s Berth 7 yard development by deploying 4 hectares of new yard space.

Intended to be an empty container depot (ECD), the area can store up to 4,300 containers in moderate wind conditions. Adjacent to it is another 2 hectares, which will be completed by year-end. On completion, the entire area of Phase 1 will store 6,500 20-foot equivalent units (TEU).

The new yard is part of ICTSI’s USD 35 million (PHP1.6 billion) expansion project for the MICT aimed at immediately addressing growing volumes at the congestion-plagued Port of Manila, the effects of which negatively reflected on ICTSI’s results for the first nine months of 2014. The full development, estimated to be completed in 20 months, will add approximately 500,000 TEUs of yard capacity to the MICT.

Complementary to the new yard is the development of an inland container depot (ICD) in Laguna, about 21 hectares, for which USD 30 million (PHP1.4 billion) has been earmarked. On order are six new rubber tired gantries, which may be deployed at either the MICT or ICTSI’s Subic operations as the demand dictates.

Press Release

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