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ICTSI Units Secure 25-Year Concession Extension for Subic Terminals - BusinessWorld Online

ICTSI plans to invest $130 million to upgrade Subic Bay terminals, increasing annual capacity from 600,000 to one million twenty-foot equivalent units, officials said.

Summary by bworldonline.com
INTERNATIONAL CONTAINER Terminal Services, Inc. (ICTSI), through its subsidiaries, secured a 25-year extension of its concession agreements for the management and operation of New Container Terminals (NCT) 1 and 2 in Subic, Zambales, and will invest more than $130 million to upgrade the facilities. In a stock exchange disclosure on Monday, ICTSI said its units Subic Bay International Terminals Corp. (SBITC) and ICTSI Subic, Inc. (ISI) received t…

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Freight News broke the news in on Monday, October 6, 2025.
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