ICTSI secures $300-M AIIB loan for terminal upgrades, expansion

ICTSI secures $300-M AIIB loan for terminal upgrades, expansion
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said on Wednesday that it had secured a $300-million (equivalent to about P18.52 billion) senior unsecured loan from the Asian Infrastructure Investment Bank (AIIB) to finance capacity expansion and technology upgrades at three Philippine container terminals. In a statement on Wednesday, the Razon-led global port operator said the funding […]