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Philippines approves $43 million project to modernize Iloilo port, creating 3,000 jobs.
The Philippine Board of Investments has approved a P2.35 billion project by International Container Terminal Services Inc. to modernize the Iloilo Commercial Port Complex into a state-of-the-art facility.
The project includes advanced cargo handling and IT systems, aiming to create over 3,000 jobs and improve the region’s logistics performance.
ICTSI will receive tax incentives and duty-free imports under the CREATE Act, enhancing the port's efficiency and attracting new investments.
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Filipinas aprueba un proyecto de 43 millones de dólares para modernizar el puerto de Iloilo, creando 3.000 puestos de trabajo.