ICTSI to build $800-M terminal in Batangas

International Container Terminal Services Inc. (ICTSI), the listed ports giant led by tycoon Enrique Razon, has no desire of slowing down its domestic expansion, as it will invest $800 million to build a container terminal in Batangas.

- ELIJAH FELICE ROSALES

ICTSI is building the facility in Bauan, Batangas, with civil works set to commence in the first quarter of 2025.

The operator of multiple ports locally and abroad said the Bauan facility is set to become the largest private marine terminal investment in the Philippines.

Upon completion, ICTSI's Batangas facility will be equipped with up to 900 meters of quay length and at least eight ship-to-shore gantry cranes for an estimated capacity of around two million TEUS per year.

ICTSI will finish the first berth of the infrastructure by the end of 2027.