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ICTSI secures 25-year extension to operate MCT
The Philippine Star
|December 21, 2024
Port builder International Container Terminal Services Inc. (ICTSI) has landed another 25 years for its concession to operate and maintain the Mindanao Container Terminal (MCT).
ICTSI subsidiary Mindanao International Container Terminal Services Inc. (MICTSI) yesterday announced that it has received a 25-year extension from the PHIVIDEC Industrial Authority to manage MCT.
The extension means MICTSI is given the right to operate and maintain MCT until 2058.
The MCT is located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, and it serves as a major hub for trade in Mindanao. It serves as a jump-off point for agricultural exports from Mindanao, such as bananas and pineapples.
Dit verhaal komt uit de December 21, 2024-editie van The Philippine Star.
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