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Manila Bulletin devider Business devider Trade & Industry devider ICTSI gets PPA okay to operate Iloilo port

ICTSI gets PPA okay to operate Iloilo port

Published Apr 15, 2024 10:10 am

The Philippine Ports Authority (PPA) has given its go signal for the International Container Terminal Services, Inc. (ICTSI) to operate and develop the Visayas Container Terminal (VCT), the international seaport of Iloilo City in central Philippines, for a 25-year concession. 

In a statement, ICTSI said they received a Notice to Proceed on April 15 to operate Iloilo’s international seaport, following a review by the PPA and the Office of the Government Corporate Counsel (OGCC). ICTSI will focus on improving terminal productivity and service quality by investing in the development and rehabilitation of the terminal infrastructure and the deployment of cargo-handling equipment.

The seaport handles a current volume of 100,000 TEUs and 2 million metric tons of non-containerized cargo annually. It features 627 meters of operational quay length and 20 hectares of land dedicated to container and general cargo storage, warehousing, and other cargo-handling activities.

The concession, it said, strengthens ICTSI’s presence in the Philippines and will unlock the economic potential of the Western Visayas region.

“The Visayas Container Terminal (VCT) is poised to become a catalyst for Iloilo's economic and social growth. We're thrilled to begin operations and transform the Iloilo Port into a world-class gateway for the Central Philippines. Our significant investments in modern infrastructure, cargo-handling equipment, and operational efficiency will drive this transformation,” said Christian R. Gonzalez, ICTSI executive vice president. 

Strategically located VCT serves as a vital gateway for the province of Iloilo, the entire Panay Island, and the wider Western Visayas region. Its natural harbor in the Panay Gulf, sheltered by Guimaras Island, provides a safe and ideal environment for ships and vessels, ICTSI said. 

While the seaport plays a crucial role in regional trade, capacity and efficiency constraints have held back its full potential. ICTSI's involvement will transform the port, addressing these challenges and unlocking its economic benefits. The port will be operated exclusively to serve foreign vessels and cargoes, with a provision for domestic vessels and cargoes in the initial five years.

New reach stackers are set to arrive at the Visayas Container Terminal (VCT) in Iloilo City, Philippines as part of its ongoing modernization program.

The upgraded VCT, at the heart of the Philippines' high growth regions, features modernized infrastructure for enhanced connectivity, boosting regional trade and expanding markets for Western Visayas' leading agriculture and fisheries exports.

 

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