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INTERNATIONAL Container Terminal Services Inc. (ICTSI)
has secured the nod of the Philippine Ports Authority (PPA)
to expand the company’s flagship terminal in Manila,
which would mainly add additional berthing space to
accept larger vessels.
In a
document, ICTSI said it is spending some P4.5 billion to
reclaim some 23.4 hectares of land north of the Manila
International Container Terminal (MICT), the country’s
largest, that can handle up to 1.6 million 20-foot
containers in a year.
In an
earlier report, the company said it will expand the port
capacity to 2.1 million TEUs (twenty-foot equivalent
units) by next year, one of the most significant
improvements in the last half a decade aside from
setting up port-security equipment.
The site
preparation and development will start this year,
according to the document, and will be completed by next
year.
The plan
already has a permit from the Philippine Reclamation
Area, an agency under the Office of the President that
gives the green light to all reclamation projects in the
country, while the PPA has also approved the conceptual
plan for the development of the Berth 6 project May last
year.
ICTSI
will start importing equipment in June, to continue
through 2009, while commercial operations of the new
berth will start in 2010.
According to the plan, ICTSI, the country’s biggest port
operator, will construct Berth 6, located north of MICT,
including a cement wharf of MICT to meet the high demand
in containerized traffic in the port.
ICTSI
will service containerized cargo of post-Panamax class
vessels of up to 85,000 dead-weight tons.
The
wharf shall support the rail-mounted post-Panamax
container cranes and five 12-meter draft berthing slots,
the plan said.
ICTSI
will have reclamation extending 20 meters beyond the
bulkhead walls and will have a separate line for
receiving and loading the new container depot.
ICTSI
may collect port dues, rates and charges for the use of
the facilities, cargo-handling equipment and services
rendered by the firm. The seaport project will generate
some 185 jobs.
The
company is expanding the terminal after volume reached
1.37 million TEUs, or about 63 percent of the total
international container traffic at the Port of Manila.
It broke
its trend of just handling just 1.2 million TEUs since
2004 to 2006.
If the
planned expansion pushes through, MICT would still be
the biggest facility of ICTSI among its facilities
worldwide. Its Chinese terminal is the second-biggest
with a capacity of handling 1 million TEUs, followed by
its Syrian port with 900,000 TEUs.
By next
year ICTSI would have a total capacity of 7 million TEUs
from the current 5 million TEUs, but that already
includes its Colombian port, which is still in the
planning stage of construction and can handle up to
500,000 TEUs.
The
other ports that ICTSI would also expand next year
include facilities in Brazil, Poland, Indonesia, Ecuador
and Georgia.
ICTSI
has increased its capital expenditures for this year to
about P10 billion from P9.9 billion last year, with the
acquisition of new equipment for Ecuador and the
construction of terminals in
Colombia and
Poland. |