MCT Starts Port Upgrades Ahead of Expected Volume Rise
- Business & Finance
The Mindanao Container Terminal (MCT) is rolling out improvements and upgrades at its port terminal in an effort to become a premier international gateway in Mindanao, the Philippines.
MCT said it is currently in the process of upgrading its terminal operating system and modernizing its equipment, adding that it has installed new reach stackers, terminal tractors and trailers, and other equipment that are expected to be completed this year and in the middle of 2020. It has also introduced a more customer-centric approach.
“We’ve ordered additional equipment as part of our upgrades early this year as we expect more volume in shipments. Now that more investments are coming into the Misamis Oriental economic zone, we have to be ready to accommodate the surge in demand,” MCT said.
The Phividec Industrial Authority (PIA), the government agency that manages, supervises, and administers the Misamis Oriental Economic Zone where MCT is located, previously said that companies are already putting up businesses in the area, and that new investments are expected to come in.
The port terminal also plans to be a transshipment hub connecting Northern Mindanao to Visayas and other parts of the country, ensuring that the business community in CDO has access to the rest of the country through MCT, a subsidiary of International Container Terminal Services, Inc. (ICTSI).