The Market Monitor Minding the Nation's Business
Officials of International Container Terminal Services, Inc. (ICTSI), NYK Auto Logistics Philippines (NALP) and other project partners recently led the ground breaking ceremony on NYK’s pre-delivery inspection and storage facility located at ICTSI-owned land in Barangay Niugan, Cabuyao Laguna.
The facility will serve as a storage center for completely built-up units (CBUs) discharged from Bauan International Port, Inc. (BIPI), a subsidiary of ICTSI that operates the Bauan terminal in Batangas.
The initial phase of the project will feature a 5,000 square meter covered warehouse and storage space for 2,800 CBUs.Aside from the project development, ICTSI and NYK will also undertake CSR initiatives for the benefit of the host communities.
ICTSI has already donated a 4,500 square meter parcel of land to the City of Cabuyao, which will be developed into access roads leading to other parts of Barangay Niugan. NYK is conducting several development projects as well to help the residents of St. Francis homes and improve the condition of the facility’s surrounding areas.
Also at the event were Cabuyao City Mayor Atty. Rommel Gecolea and Barangay Niugan Chairman Dennis Hain. Cabuyao City fully supports the project, which is expected to create local jobs for the local community and nearby cities.