The Board of Investments (BOI) is granting incentives to International Container Terminal Services, Inc (ICTSI) for the P5-billion expansion of Berth 7 at its flagship Manila International Container Terminal.
The port operator has already completed Phase 1 of Berth 7 at a cost of P1.6 billion. Covering four hectares, the yard has been operational since November last year as an empty container depot. It can accommodate 4,300 twenty-foot equivalent units (TEUs) in moderate wind conditions.
Another two hectares adjacent to the yard is scheduled to be completed by yearend.
The entire Phase 1 can store 6,500 TEUs. The site includes construction of a 300-meter wharf structure including back-up areas and associated roadway improvements.
Complementing the new yard is an inland container depot (ICD) covering about 21 hectares in Laguna with an earmarked funding of $30 million (P1.4 billion).
The ICD, along with the development of Berth 7, will increase MICT’s capacity by 20% to 4.2 million TEUs.
ICTSI also has expansion plans for Berths 8 and 9.
