en.Wedoany.com Reported - International Container Terminal Services, Inc. (ICTSI) has secured a $300 million loan from the Asian Infrastructure Investment Bank (AIIB) to upgrade and expand its three terminals in the Philippines.

The senior unsecured corporate loan represents AIIB's first non-sovereign-backed financing transaction in the Philippines. It was approved on March 25, 2026, and signed on May 20 of the same year. ICTSI Chairman and President Enrique K. Razon Jr. and AIIB President Zou Jiayi attended the signing ceremony. The funds will support ICTSI's "Crane Project."

The loan will be invested in technology-driven infrastructure upgrades at the Manila International Container Terminal, the South Luzon Container Terminal currently under development in Batangas, and the Mindanao Container Terminal. ICTSI stated that these investments are expected to collectively increase annual container handling capacity, improve berth productivity, and boost economic growth in the Philippines.

According to the plan, the handling capacity of the Manila International Container Terminal will be increased to 3.7 million TEUs by 2027, the Mindanao Container Terminal to approximately 1 million TEUs by 2028, and the South Luzon Container Terminal to 800,000 TEUs by 2028.

The financing will also be used to acquire fully electric quay cranes and replace diesel-powered yard equipment, thereby reducing greenhouse gas emissions from terminal operations.

AIIB President Zou Jiayi stated that ICTSI is the kind of partner the AIIB seeks to build relationships with as it enters its second decade. She noted that this transaction demonstrates how the AIIB can deliver infrastructure development impact to users by deploying innovative financing instruments and partnering with global operators that possess scale and execution capabilities, and she looks forward to deepening this strategic relationship. ICTSI Chairman Razon expressed his welcome for the partnership with AIIB, which supports the company's expansion and sustainable development plans, and values the shared commitment to long-term value creation, inclusive economic growth, and responsible business practices.

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