ICTSI secures 25-year extension to operate Mindanao Container Terminal

Mindanao International Container Terminal Services, Inc. (MICTSI), a subsidiary of International Container Terminal Services, Inc. (ICTSI) signed a 25-year extension to its concession to operate the Mindanao Container Terminal (MCT) with the PHIVIDEC Industrial Authority (PHIVIDEC-IA) last Thursday, 19 December 2024. Photo shows (from left, seated): Atty. Gemma M. Gloria, MICTSI terminal manager; Aurelio C. Garcia, MICTSI president and general manager; Atty. Joseph Donato J. Bernedo, PHIVIDEC administrator and CEO; and Gary Linsagan, PHIVIDEC director II, Port Management and Development Department. Atty. Benjamin Medrano, PHIVIDEC deputy administrator for operations, stands behind them. 

Mindanao International Container Terminal Services Inc. (MICTSI), a subsidiary of International Container Terminal Services Inc. (ICTSI), has secured a 25-year extension to operate and manage the Mindanao Container Terminal (MCT). The extension, awarded by the PHIVIDEC Industrial Authority, allows MICTSI to continue managing the MCT until 2058.

Located within the PHIVIDEC Industrial Estate in Tagoloan, Misamis Oriental, the MCT serves as a key gateway for trade in southern Philippines.

To enhance the terminal’s capacity and efficiency, MICTSI plans to invest more than USD100 million in infrastructure upgrades. The investment includes a 300-meter berth extension and the acquisition of new equipment to handle the expected growth in cargo volumes. These enhancements are projected to significantly boost the terminal’s annual capacity from its present 350,000 twenty-foot equivalent units (TEUs). 

The new berth will enable 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 project will further promote PHIVIDEC’s agenda 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.”

Mindanao Container Terminal in Misamis Oriental, Philippines

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.