INTERNATIONAL Container Terminal Services Inc. (ICTSI) has been awarded a 25-year concession by the Philippine Ports Authority (PPA) to develop and operate the Iloilo Commercial Port Complex (ICPC) in Panay, Western Visayas.

The Razon-led port operator on Monday said it received the notice of award for its sole bid to operate the ICPC in accordance with PPA Administrative Order (AO) 03-2016 or the Port Terminal Management Regulatory Framework (PTMRF).

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