MANILA, Philippines – International Container Terminal Services Inc. (ICTSI), led by tycoon Enrique Razon Jr., has earmarked more than $130 million to bolster its Subic port operations following the extension of its concession agreements for an additional 25 years.

The listed global ports operator announced that its subsidiaries, Subic Bay International Terminal Corp. and ICTSI Subic Inc., will spearhead these developments aimed at enhancing capacity and efficiency at the Subic port. This significant investment underscores ICTSI’s commitment to strengthening its presence and service quality in the region.
https://business.inquirer.net/551035/ictsi-plows-130m-as-subic-terminals-get-fresh-term