Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to manage the Mindanao Container Terminal (MCT).
The extension, granted by the PHIVIDEC Industrial Authority, allows MICTSI to operate the terminal until 2058.
Located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, the MCT is a key gateway for trade in the southern Philippines.
To enhance the terminal’s capacity and efficiency, MICTSI plans to invest more than $100 million in infrastructure upgrades. The investment includes a 300-meter berth extension and the acquisition of new equipment to handle expected growth in cargo volumes. These upgrades are expected to significantly increase the terminal’s annual capacity from its current 350,000 twenty-foot equivalent units (TEUs).
The new berth will allow the shipping industry to deploy larger ships on new service routes to support growth and demand from Mindanao's importers and exporters. Additionally, the expansion will further promote PHIVIDEC’s efforts to grow its locator base.
“ICTSI is proud to continue our work at Mindanao Container Terminal, a critical hub for trade in southern Philippines,” said Aurelio C. Garcia, MICTSI president and general manager. “This extension allows us to implement our vision for the terminal’s future, with significant investments in new technology and infrastructure to meet the evolving needs of our customers and the region.”
PHIVIDEC administrator and CEO Atty. Joseph Donato J. Bernedo said, “Today’s signing ceremony reflects our commitment to growth and sustainability of PHIVIDEC-IA under this administration, and we will continue to grow with our other projects and initiatives that are lined up to benefit not only Northern Mindanao but also the entire country. I would like to thank Mr. Aurelio C. Garcia, president and general manager of MICTSI, PHIVIDEC-IA’s chairman Engr. Augustus N. Adis and the members of our Board for their support in making our dream of expanding our MCT Port into a reality.”
The extension highlights the strong partnership between ICTSI and PHIVIDEC-IA in developing critical infrastructure to facilitate trade and drive economic growth in Mindanao.