International Container Terminal Services, Inc. (ICTSI) plans to upgrade the Philippine Mindanao Container Terminal (MCT) in order to render it an international gateway for trade.
The facility upgrades include a new terminal operating system (TOS), as well as selected port assets.
The upgrades are due to take place throughout 2019.
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A statement from ICTSI read: “We aim to help spur economic growth in the countryside, especially now that Northern Mindanao, through the Misamis Oriental economic zone, is poised to become a prime investment hub in the region.
“Now that more investments are coming into the Misamis Oriental economic zone, we have to be ready to accommodate the surge in demand.”
In addition to its role as an international gateway, MCT is also planning to become a key transhipment, centre connecting Mindanao with other regions in the Philippines.
Equipment that is ready to be installed before the end of the year includes new reach stackers, terminal tractors and trailers.
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