INTERNATIONAL Container Terminal Services (ICTSI) has received regulatory approvals to operate and develop the Visayas Container Terminal (VCT) in Iloilo City, Philippines, marking a strategic expansion for the Manila-based company, reports London area WorldCargo News.

The 25-year concession for the Iloilo Commercial Port Complex (ICPC) underscores ICTSI's commitment to unlocking economic potential in the Western Visayas region.

ICTSI plans to enhance terminal productivity and service quality and transform the Iloilo Port into a world-class gateway for the Central Philippines through infrastructure investments and modernization initiatives.

The Visayas Container Terminal (VCT) is a crucial hub for regional trade, handling substantial container and non-containerized cargo volumes annually.

Despite existing capacity and efficiency challenges, ICTSI's investment signals a transformative phase for this strategic seaport.