ICTSI Secures 25-Year MICT Concession Extension, Bolstering Business Foundation
ICTSI has secured a 25-year extension for its Manila International Container Terminal (MICT) concession, pushing the expiry to 2063. This move stabilizes the long-term outlook for the company's key asset, enhancing future investments and profitability.
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Global ports giant International Container Terminal Services Inc. (ICTSI) has secured a 25-year extension for its concession at the Manila International Container Terminal (MICT), now set to operate until 2063. This flagship terminal handles approximately 70 percent of total Manila port volumes.
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Logistics giant ICTSI has secured a 25-year concession extension for the Manila International Container Terminal (MICT) from the Philippine Ports Authority (PPA). This allows the company to continue operating the terminal until 2063, with commitments to infrastructure investment and efficiency improvements.