The Game-Changing Deal
AIIB lends USD300 million to ICTSI and shakes up Philippine ports big time. This marks the bank's first non-sovereign-backed transaction in the country. Leaders Enrique K Razon Jr and AIIB President Zou Jiayi signed the deal during her first visit, and everyone celebrated the partnership.
Moreover, this senior unsecured corporate loan fuels exciting upgrades. ICTSI pushes forward with bold moves that boost infrastructure across the islands.
Green Growth and Massive Capacity Boosts
The financing transforms three key terminals: Manila International Container Terminal, South Luzon Container Terminal in Batangas, and Mindanao Container Terminal. Teams install technology upgrades, buy fully electric quay cranes, and replace diesel equipment, which slashes greenhouse gas emissions fast.
Additionally, these investments raise MICT capacity to 3.7 million TEUs by 2027, MCT to 1 million TEUs by 2028, and SLCT to 800,000 TEUs by 2028. They increase throughput, improve productivity, and drive stronger economic growth for the Philippines. ICTSI and AIIB both commit to sustainability and long-term wins for everyone involved.
