Asian Terminals secures fresh 25-year concession

Résumé détaillé

Ports and logistics operator Asian Terminals Inc. (ATI) on Thursday announced it has secured a 25-year renewal of its concession to operate and develop Manila South Harbor (MSH).

Ports and logistics operator Asian Terminals Inc. (ATI) on Thursday announced it has secured a 25-year renewal of its concession to operate and develop Manila South Harbor (MSH).

In a disclosure to the Philippine Stock Exchange, ATI said it the renewal of its concession deal with the Philippine Ports Authority (PPA).

The ports operator saids its fresh concession will commence in May 2038 and will end come May 2063.

“The renewal of Manila South Harbor’s concession is an affirmation of the successful collaboration between the public and private sector. Under this framework, we take pride in transforming our flagship terminal into a vital gateway for commerce, creating opportunities for businesses, generating livelihoods, and connecting Filipino products and industries to global markets,” said Eusebio Tanco, ATI president.

“Together with our strategic partners DP World and Maharlika Investment Corp., this milestone gives us an even stronger foundation to build on the gains of the past 40 years and ensure that Manila South Harbor continues to serve the evolving needs of our country, our people, and future generations,” said Tanco.

ATI said that central to its commitment is the future-proofing Manila South Harbor to respond proactively to changing trade patterns, increasing cargo volumes, and the evolving needs of shipping lines, importers, exporters, and the broader logistics community.

This includes capacity expansion, the deployment of energy-efficient cargo-handling equipment, increased automation, and the adoption of advanced digital technologies to deliver safer, smarter, and more sustainable end-to-end ports and logistics solutions to customers.

Over the past 40 years, ATI said it has invested more than Php42 billion in developing and modernizing its Philippine port facilities, contributing to the movement of approximately 30 million twenty-foot equivalent units (TEUs) of containers, 57 million metric tons of non-containerized cargo, and 70 million passengers across its…

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