New barge terminal in Tanza will decongest Metro Manila traffic by 2018 — Go Cavite
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New barge terminal in Tanza will decongest Metro Manila traffic by 2018

ECONOMY

New barge terminal in Tanza will decongest Metro Manila traffic by 2018

The Cavite-based port of International Container Terminal Services, Inc. (ICTSI) is eyeing to expand its services for larger ships as part of achieving its new target depth of 13.5 meters. The company is expecting to have five post-Panamax quay cranes that hold a serving capacity of up to 13,000 twenty-foot equivalent units (TEUs) box ships.

“Our focus now is really on big ships, that’s the trend that we’re seeing. We’re dredging quite soon, that’s also very important for bigger ships,” said ICTSI Senior Vice-President and Regional Head of Asia Pacific Christian R. Gonzalez.

To keep up with the growing economy of the Philippines, the purchase of the quay cranes is seen to contribute to the proposed increment in container movement. This acquisition is part of the firm’s $80-million capital equipment program for Manila International Container Terminal (MICT). With three of the quay cranes arriving in February and the two arriving in the following year, Gonzales emphasized that the new barge terminal in Cavite will operate from 13 to 18 cranes.

The $30-million terminal in Tanza, Cavite is seen to support the government’s efforts to relieve the traffic in Metro Manila.

The terminal will be established within a six-hectare property in Tanza, Cavite, which will be directly connected to MICT. The town of Tanza was perceived as an excellent choice for the project’s location due to the province’s sound commercial and industrial productivity – including the Cavite Export Processing Zone, which has over 400 actively operating businesses.

Currently, ICTSI operates 30 terminals in 20 countries. To sustain its growth drive despite the current global trade, including the protectionist policy of the Trump administration, ICTSI plans to establish five more port projects this 2017 in regions of Africa, and Asia.

In a recent interview with Mr. Gonzales, he firmly stated that, “We’re pushing ahead with… at least five projects… one, I can’t tell you where, but that’s fairly imminent, and then another one also in the Asian region that we’re actively bidding for and then there are three opportunities in Africa that we’re seriously continuing to push for.”

ICTSI holds a positive outlook for its global expansion. Mr. Gonzales stated that the development of more ports in the international arena will help the company lessen the impact of uncertainties in some of the terminals it operate.

 

Source: Business World Online

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