A new $200-million port facility in Manila inaugurated by President Benigno S. Aquino III
The President poured champagne on the marker of Berth 6 of the Manila International Container Terminal (MICT) to signal its formal opening.
The port facility, operated by International Container Terminal Services Incorporated (ICTSI), has increased annual capacity of 1.9 million 20-foot equivalent units (TEUs) to 2.5 million TEUs.
The berth, whose construction started two years ago, can now accommodate up to seven ships at one time.
The President did not deliver any speech during the event and instead was given a briefing about the new port terminal by ICTSI officials led by its chairman and president Enrique Razon Jr. who sited a 6.4 percent economic expansion in the first quarter of the year.