TYC0ON Enrique Razon Jr's International Container
Terminal Services Inc's (ICTSI) plans
to invest PHP8.7 billion (US$166.3 million) to develop the Port
of Iloilo drew support from Ilonggo Senator Franklin Drilon, who
is widely credited for Iloilo's development.
At a briefing attended by Ilonggo
political leaders and business groups, represented by the Iloilo Economic Development
Foundation (ILED), Christian Gonzalez, ICTSI's global corporate head,
revealed that the Razon-led ICTSI intends to invest the sum to upgrade the
Iloilo Port once the Philippine Ports Authority (PPA)
acts on its unsolicited proposal, which is up for review by the PPA Board.
Present at the briefing in Makati
City were Mr Drilon, Mayor-elect Jerry Trenas, Congresswoman-elect Julienne Jam
Jam Baronda, and Ilonggos business community represented by Narzalina Lim,
Jocelyn Perez, Terence Uygongco, Rex Drilon and Francis Gentoral of ILED.
"The expansion of Iloilo port
sits well with our plans for the province. We are seeing a heightened shipping
activity in the province due to the economic developments that have taken place
in the province for the past years," Mr Drilon said.
Source : HKSG.
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