THE Mindanao International Container Terminal (MCT) at the Phividec Industrial Estate is set for a major expansion following a $100 million investment by Mindanao International Container Terminal Services Inc. (MICTSI).
Phividec Administrator Donato ‘Cid’ Bernedo announced on December 19 that MICTSI has secured a 25-year contract extension to manage and operate MCT until 2058.
The agreement, formalized through an amendment and supplement to the existing contract, paves the way for the terminal’s Phase II expansion.
The expansion will include a 300-meter berth extension and infrastructure upgrades designed to boost the terminal’s current capacity of 350,000 twenty-foot equivalent units (TEUs).
“The new berth will enable larger ships and new shipping routes, supporting the growth and demand from Mindanao’s importers and exporters,” Bernedo said.
Bernedo also highlighted the Provincial Government’s support, citing a resolution from the Regional Development Council (RDC) declaring the MCT expansion a priority project.
“This expansion translates to multipliers throughout industries, business, and commerce across the region,” he said.
Arthur Sevilla Jr., District Port Collector of Cagayan de Oro, welcomed the development, noting its potential to improve trade efficiency and increase revenue collections for the Bureau of Customs.
John Venice Ladaga, Provincial Administrator of Misamis Oriental, called the project a “key development initiative” that underscores the region’s commitment to progress.
“This will enhance connectivity between industries, ensuring the efficient movement of goods and services,” he said.
The MCT expansion is expected to significantly enhance the region’s economic landscape by supporting larger trade volumes and opening new shipping opportunities.
