thestandard.com.ph 10 Jan, 2017
International Container Terminal Services Inc. (ICTSI) will pursue the expansion of its port in Manila to handle bigger vessels. With the new administration, ICTSI will work with the Philippine Ports Authority for the expansion of MICT particularly on the water side. The project will also complement the proposed Cavite Gateway Terminal. A part of MICT’s P5-billion expansion project, Yard 7 expanded the terminal’s capacity to 2.75 million twenty-foot equivalent units from 2.5 million TEUs. ICTSI also submitted an unsolicited proposal to the government to build Cavite Gateway Terminal within a six-hectare property in Tanza, Cavite. The company’s investment in a barge and Ro-Ro terminal will cost more than $30 million for first phase of the project.