International Container Terminal Services, Inc. (ICTSI) has received regulatory approvals to operate and enhance the Visayas Container Terminal (VCT), the key international seaport of Iloilo City in central Philippines.
This 25-year concession amplifies ICTSI’s footprint in the Philippines and is poised to unlock the economic prospects of the Western Visayas region.
Following a review by the Philippine Ports Authority (PPA) and the Office of the Government Corporate Counsel (OGCC), ICTSI was granted a Notice to Proceed on 15 April for the operation of Iloilo’s international seaport.
ICTSI’s strategic focus revolves around augmenting terminal efficiency and service excellence through substantial investments in infrastructure development, terminal rehabilitation, and the deployment of cutting-edge cargo-handling equipment.
“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,” stated Christian R. Gonzalez, ICTSI executive vice president.
Furthermore, strategically positioned as a pivotal gateway for Iloilo Province, Panay Island, and the broader Western Visayas region, VCT boasts a prime location within the Panay Gulf, sheltered by Guimaras Island, offering a secure haven for ships and vessels.
Despite its crucial role in regional trade, VCT has faced limitations in capacity and efficiency, hindering its ability to realize its full potential. ICTSI’s involvement promises a transformative impact on the port, tackling these obstacles and unleashing its economic advantages. Initially, the port will be exclusively dedicated to serving foreign vessels and cargoes, with provisions for domestic vessels and cargoes within the first five years.
Presently, the seaport manages an annual volume of 100,000 TEUs and 2 million metric tons of non-containerized cargo. It boasts 627 meters of operational quay length and 20 hectares of land allocated for container and general cargo storage, warehousing, and other cargo-handling operations.
