The Asian Infrastructure Investment Bank will provide a US$ 300 million senior unsecured corporate loan to ICTSI to support the expansion and upgrade of three container terminals across the Philippines.
The transaction, AIIB’s first non-sovereign-backed loan in the Philippines, was signed during a ceremony attended by ICTSI Chairman and President Enrique K. Razon Jr. and AIIB President Zou Jiayi during her inaugural visit to the country.
The financing will support technology-enabled infrastructure upgrades at the Manila International Container Terminal, the South Luzon Container Terminal currently under development in Batangas, and the Mindanao Container Terminal.
Together, the investments are expected to increase annual container handling capacity, improve berth productivity and contribute to broader Philippine economic growth.
The loan also carries a significant sustainability dimension, funding the purchase of fully electric quay cranes and the replacement of diesel-powered yard equipment, reducing greenhouse gas emissions from terminal operations across the three facilities.
Upon completion of the investment programme, MICT’s capacity will increase to 3.7 million TEUs by 2027, MCT will reach approximately 1 million TEUs by 2028 and SLCT will achieve 800,000 TEUs by the same year.
AIIB President Zou described the transaction as emblematic of the type of infrastructure partnership the bank aims to build in its second decade, combining innovative financing instruments with operators of sufficient scale and execution capacity to deliver meaningful development impact.
Razon welcomed the partnership as aligned with ICTSI’s expansion and sustainability objectives, and expressed confidence in the shared commitment to long-term value creation and responsible business practices that underpins the relationship.
