SBITC To Buy $10.5M Worth Of Equipment For New Terminal
Manila, Philippines (AHN) - The Subic Bay International Container Terminal announced on Wednesday that it will spend $10.5 million to operate its container terminal at the Subic Bay Freeport in the Philippines and buy new cargohandling equipment.
A report from the local daily Manila Times says that Narlene A. Soriano, public relations officer of the International Container Terminal Services Inc., the majority owner of the SBITC, has disclosed to the Philippine Securities and Exchange Commission that the amount would be used to buy four rubber tired gantry cranes, 22 prime movers, five forklifts, three yard vehicles and three company vehicles for the New Container Terminal-1.
SBITC will also build an administration office, motor pool and engineering office, truck holding area, refueling station and field office.
The terminal has two existing quay cranes from the Subic Bay Metropolitan Authority, a joint venture partner of ICTSI and the Royal Port Services Inc. in SBITC.
SBMA is the manager and developer of the Subic Bay Freeport. It granted SBITC a 40-year contract to operate and develop the terminal.
SBITC is targeting to handle 250,000 20-foot containers per year, the cargo capacity of the said container terminal consisting of two piers with a total of three berths.
SBMA administrator Armand Arreza had said that the completion of the NCT-1 will attract more shipping companies worldwide to use the Subic Bay Freeport and make it a key player in the containerized and non-containerized cargo handling business in the entire Asia-Pacific region.
A report from the local daily Manila Times says that Narlene A. Soriano, public relations officer of the International Container Terminal Services Inc., the majority owner of the SBITC, has disclosed to the Philippine Securities and Exchange Commission that the amount would be used to buy four rubber tired gantry cranes, 22 prime movers, five forklifts, three yard vehicles and three company vehicles for the New Container Terminal-1.
SBITC will also build an administration office, motor pool and engineering office, truck holding area, refueling station and field office.
The terminal has two existing quay cranes from the Subic Bay Metropolitan Authority, a joint venture partner of ICTSI and the Royal Port Services Inc. in SBITC.
SBMA is the manager and developer of the Subic Bay Freeport. It granted SBITC a 40-year contract to operate and develop the terminal.
SBITC is targeting to handle 250,000 20-foot containers per year, the cargo capacity of the said container terminal consisting of two piers with a total of three berths.
SBMA administrator Armand Arreza had said that the completion of the NCT-1 will attract more shipping companies worldwide to use the Subic Bay Freeport and make it a key player in the containerized and non-containerized cargo handling business in the entire Asia-Pacific region.
Labels: arreza, container terninal, ICTSI, sbitc, Subic Freeport
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