The contract extension was awarded to ICTSI subsidiary Mindanao International Container Terminal Services (MICTSI), by the PHIVIDEC Industrial Authority allowing MICTSI to continue managing Mindanao Container Terminal until 2058.
Located in Tagoloan, Misamis Oriental, the MCT serves as a key gateway for trade in the southern Philippines.
MICTSI plans to invest more than $100 million in infrastructure upgrades to enhance capacity and efficiency. The investment includes a 300-metre berth extension and the acquisition of new equipment to handle the expected growth in cargo volumes. These improvements are projected to significantly boost the terminal’s annual capacity from its present 350,000 teu.
The new berth will allow the terminal to receive larger ships on new service routes to support growth and demand from Mindanao’s importers and exporters.
Aurelio C. Garcia, MICTSI President and General Manager, said, “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 continue growing with our other projects and initiatives that are lined up to benefit not only Northern Mindanao but also the entire country.”
