The International Container Terminal Services Inc. (ICTSI), a multinational marine transport and port development company, has won its bid to operate and modernize the Iloilo Commercial Port Complex (ICPC) in Western Visayas.
ICTSI, who was notably the sole bidder for the project, was awarded a 25-year concession contract for the ICPC by the Philippine Ports Authority (PPA) in compliance with the Port Terminal Management Regulatory Framework (PPA Administrative Order No. 03-2016).
Operations in the port's facility will commence once contracts are signed and the PPA issues a Notice to Proceed, said the firm.
Under the control of the ICTSI, the ICPC will be renamed the Visayas Container Terminal (VCT), with the company promising to revitalize port activity and trade in the area which serves as a gateway in the Western Visayas region.
According to the firm, it aims to develop and rehabilitate the infrastructure of the terminal including its cargo-handling equipment.
Currently, the port has “627 meters of operational quay length and 20 hectares of land for container and general cargo storage, warehousing, and other cargo-handling activities,” it explained.
“We are elated and grateful to be entrusted with the redevelopment of the Iloilo Port. We recognize the port’s pivotal role in driving Iloilo's economic and social growth. Our comprehensive proposal outlines significant investments in infrastructure upgrades, cargo-handling equipment, and operational efficiency measures, all aimed at transforming the Iloilo Port into a premier gateway,” said ICTSI Executive Vice President Christian R. Gonzalez.
In addiiton, former Senate President Franklin Drilon commended the PPA's selection of ICTSI, stating its track record in port management and capacity to address the congestion issues of the terminal.
“The decision to partner with ICTSI is a significant step forward in transforming VCT into a modern, world-class port facility and accommodating more domestic and international shipments. This will position Iloilo as a key driver of economic progress in the Philippines,” said Drilon.