AIIB supports ICTSI expansion 

THE Asian Infrastructure Investment Bank (AIIB) will lend USD300 million to International Container Terminal Services Inc. (ICTSI) to support the expansion and upgrade of three container terminals across the Philippines.

The Asian Infrastructure Investment Bank (AIIB) has signed a USD300 million senior unsecured corporate loan with International Container Terminal Services Inc. (ICTSI) to fund the expansion and upgrade of three container terminals in the Philippines. Marking AIIB’s first non-sovereign-backed transaction in the country, the loan will support technology-driven upgrades at the Manila International Container Terminal (MICT), the Mindanao Container Terminal (MCT), and the under-development South Luzon Container Terminal (SLCT) in Batangas. 

Beyond increasing annual throughput capacity and boosting berth productivity, the financing will fund fully electric cranes and eco-friendly yard equipment to reduce greenhouse gas emissions. 

By 2028, these targeted upgrades are projected to significantly scale up capacity, positioning MICT at 3.7 million TEUs, MCT at approximately 1 million TEUs, and SLCT at 800,000 TEUs.

The strategic agreement was officially signed by ICTSI Chairman and President Enrique K. Razon Jr. and AIIB President Zou Jiayi during her inaugural visit to the Philippines. 

Zou highlighted that the transaction exemplifies how AIIB aims to deploy innovative financing instruments with high-caliber global operators to drive impactful infrastructure development as the bank enters its second decade. Expressing mutual optimism, Razon welcomed the partnership, emphasizing that the funding aligns with ICTSI’s expansion and sustainability goals while reinforcing both organizations’ shared commitment to responsible business practices, long-term value creation, and inclusive economic growth for the country.