ICTSI obtains perks for port expansion
The Board of Investments approved the request of International Container Terminal Services Inc. for fiscal incentives on the P5-billion expansion of the Manila International Container Port.
ICTSI is constructing Berth 7 that includes a 300-meter wharf structure, back-up areas and associated roadway improvements.
The project is expected to accommodate future container volume growth of up to 2.5 million twenty-foot equivalent units upon completion.
BoI Governor Lucita Reyes and executive director Efren Leaño presented the project’s certificate of registration to ICTSI procurement and general services director Antonio Coronel.
ICTSI recently expanded MICT’s yard capacity after completing phase 1 of the Berth 7 and opening up another four hectares of new yard space.
Intended to be an empty container depot, the area can store up to 4,300 containers in moderate wind conditions.
Adjacent to the other side is another two hectares, which will be completed by the end of the year. Upon completion, the entire area of Phase 1 will have the capacity to store 6,500 TEUs of container vans.
The new yard is part of ICTSI’s $35-million expansion project for the MICT aimed at immediately addressing growing volumes at the Port of Manila.
The full development, estimated to be completed in 20 months, will add approximately 500,000 TEUs of yard capacity to the MICT.
Complementary to the new yard is the development of a 21-hectare inland container depot in Laguna that will cost the company another $30 million in investments.
ICTSI recently acquired six new rubber tired gantries, which may be deployed at either the MICT or ICTSI’s Subic operations, depending on demand.
The company also plans to expand the Subic Port in anticipation of increased port utilization by 2015.
Port utilization in Subic is expected to hit 21 percent by 2015, which will also improve the usage of ICTSI’s two-berth facility within the free port area administered by the Subic Bay Metropolitan Authority.
ICTSI, which operates and manages the MICT, maintains and operates container terminals in gateway ports in over 20 countries across the Asia-Pacific, the Americas, Europe and the Middle East and Africa.
ICTSI in July joined four other groups that submitted pre-qualification documents for the P18.99-billion Davao Sasa Port modernization project, the government’s first seaport project under the public-private partnership scheme.
The Transportation Department said the submission and opening of bids would be held in the fourth quarter of this year. The award of the 30-year contract is expected in April next year.
The winning bidder will build a new apron and linear quay, expand the back-up area, container yards and warehouses and install ship-to-shore cranes and rubber-tyred gantry.
Once the first phases of the project are completed in 2018, the Sasa Port will be comparable to the country’s top ports in terms of speed and quality of service, cutting down cargo unloading from three days to three hours by using modern ship-to-shore cranes and port operating systems.