The 25-year contract by the Philippine Ports Authority to develop and manage Iloilo Port, which has a 627-meter quay and 20 hectares for various cargo services.
“Upon signing of the contract, ICTSI will focus on improving terminal productivity and service quality by investing in the development and rehabilitation of the terminal infrastructure and the deployment of cargo-handling equipment,” the company said in a stock exchange filing on Monday.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
