ICTSI allots more funds for projects

GLOBAL port operator International Container Terminal Services Inc. (ICTSI) is raising its capital spending for 2026 as it pushes ahead with expansion projects across its international terminal network.

- By Lorenz S. MARASIGAN X @lorenzmarasigan

(PHOTO FROM WWW.ICTSI.COM)

The Enrique K. Razon Jr.-led company said it has earmarked $740 million in capital expenditures for 2026, higher than the $650.44 million spent in 2025, as it continues to expand capacity and upgrade facilities across several key terminals worldwide.

The planned investments will fund the completion of Phase 3B of the Contecon Manzanillo terminal in Mexico, ongoing expansions at the Manila International Container Terminal, Manila North Harbor Port, Mindanao Container Terminal, and South Luzon Container Terminal in the Philippines, as well as projects at ICTSI Rio in Brazil and ICTSI DR Congo.