Asian Terminals Inc. (ATI), a listed company, is investing P8 billion in the next three years for capital expenditure to enhance its gateway port facilities.
It said in a statement improvement of port facilities and services would support the growing Philippine economy and about P2.8 bill will be spent this year.
At least P3.1 billion spending will follow in 2016 and P2.1 billion in 2017 as the company worked to improve the capacity and efficiency of its facilities, the company said.
ATI deployed six empty container handlers last February and five additional rubber-tired gantry cranes (RTGs) by the middle of the year to bring about faster and safer operations at Manila South Harbor. It also completed more container storage areas within the Manila South Harbor.
Port technology figured strongly as ATI shifted its automation programs into higher gear. This will support continuous upgrade of its terminal and resource management systems at Manila South Harbor and its much-awaited Vehicle Booking System (VBS), which will become online towards the latter part of the year.
ATI’s comprehensive VBS will further improve the operating environment for truckers in the long-term. Like airline booking systems, the VBS will speed up port processes, as this will align demand and capacity on a 24-hour basis without causing heavy traffic in Metro Manila.
ATI’s equipment build-up at Batangas Port will continue as it positions Southern Luzon as best alternative gateway port to deliver more comprehensive and competitive port solutions to the major industries and customers in the region.
As part of this, ATI is booking orders for additional quay cranes and RTGs for its modern Batangas Container Terminal (BCT).
In 2014, BCT handled over 98,000 twenty-foot equivalent units (TEUs) of international containerized cargoes, up by over 750 percent compared to the previous year, and has since sustained its strong upward volume trend into the first quarter of 2015.
ATI’s capital investments will be sourced from internal funds.