ICTSI expands MICT yard capacity
International Container Terminal Services, Inc. (ICTSI) has expanded yard capacity at its flagship Manila International Container Terminal (MICT) with the recent completion of Phase 1 of it’s Berth 7 yard development by deploying 4 hectares of new yard space , the company said in its press release. Intended to be an empty container depot (ECD), the area can store up to 4,300 containers in moderate wind conditions. Adjacent to it is another 2 hectares, which will be completed by year end. On completion, the entire area of Phase 1 will store 6,500 20-foot equivalent units (TEU).
The new yard is part of ICTSI’s US$35 million (PHP1.6 billion) 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 an inland container depot (ICD) in Laguna, about 21 hectares, for which $30 million (PHP1.4 billion) has been earmarked. On order are six new rubber tired gantries, which may be deployed at either the MICT or ICTSI’s Subic operations as the demand dictates.
About ICTSI
International Container Terminal Services, Inc. (ICTSI) develops, manages and operates container terminals in gateway ports in over 20 countries across the Asia-Pacific, the Americas, Europe and the Middle East, and Africa. Established in 1987 and headquartered in the Philippines, ICTSI has built a solid portfolio of successful port privatization partnerships with governments, and offers clients the advantage of high standards of service.
