Project record

Philippines Project Crane: MICT, MCT and South Luzon terminal works

Container cranes at Manila International Container Terminal in Tondo, Manila

Patrickroque01 via Wikimedia Commons, CC BY-SA 4.0

AIIB's USD 300 million Project Crane facility is not one works contract. Public records resolve it into three delivery lanes: MICT Berth 8 and electric ship-to-shore cranes; MCT's 300-metre wharf extension and localized dredging; and Bauan/SLCT quay, dredging, backfilling, yard, equipment, and resettlement works.

Project signal

Construction in Philippines

Treat the USD 300 million corporate facility as a financing layer over three different delivery programmes. MICT equipment, MICT Berth 8 civil works, MCT wharf extension and dredging, and Bauan/SLCT marine construction each require their own procurement, permit, contractor, progress, acceptance, and operating evidence.

Current status AIIB loan approved; three terminal programmes active on separate schedules Source confidence Confirmed

Location

Philippines / Asia Pacific

Segment

Port infrastructure

Status

AIIB loan approved; three terminal programmes active on separate schedules / Confirmed

Evidence reviewed

16 July 2026

Controlled taxonomy

Related sectors

The detailed segment above is the primary work classification. These broader sector links connect the project to related delivery and market research.

Project anatomy

Scope, counterparties, and execution logic

Client / authority
International Container Terminal Services, Inc. (borrower and terminal sponsor)
Delivery parties
Site-specific marine and civil contractors are not identified
Contract route
USD 300 million AIIB nonsovereign senior unsecured corporate loan over separate ICTSI terminal procurements; the marine-civil contractors are not named
Execution window
MICT Berth 8 began in Q4 2022 and its two phases were scheduled for Q2 2026 and Q1 2027; the MCT ESIA places civil works in December 2025-March 2027 and dredging in June-August 2026; the BIPI ESIA places dredging in February 2026-August 2027, civil works in October 2026-August 2027, and commercial operation from January 2028
Works package
MICT Berth 8's 300-metre quay and yard expansion plus electric ship-to-shore cranes; MCT Phase II and III-A's additional 300 metres of wharf and localized berth-pocket dredging; and Bauan/SLCT quay, container yard, piling, dredging, backfilling, access, utilities, equipment, and resettlement
Marine interfaces
MCT's ESIA specifies a 300-metre wharf extension and localized dredging by TSHD or equivalent; BIPI's ESIA covers controlled mechanical dredging, piling, quay structures, approved 9,900-square-metre backfilling, dredged-material disposal, sediment containment, navigation, and ecological monitoring
Commercial read
Finance approval is confirmed and each terminal now has physical or preparatory delivery evidence, but the corporate loan does not identify which historic assets it reimburses or prove package awards, accepted depths, quay handover, crane commissioning, or operating capacity
Next milestone
Reconcile the conflicting Bauan/SLCT programme and quay-length disclosures, then obtain terminal-specific contractor, dredging, quay-progress, crane-award, acceptance, and AIIB disbursement records

Material change register

What changed, when, and what it proves

Only source-bound events that alter phase, scope, counterparties, delivery, completion, commissioning, or acceptance are listed. A change can advance the record without proving the next gate.

ICTSI assigned the corporate loan to three Philippine terminal lanes

ICTSI linked the facility to MICT, SLCT, and MCT and published terminal capacity targets through 2028. The announcement confirms intended use at portfolio level, but it does not identify package allocations, contractors, disbursements, or accepted assets.

Read controlling source

AIIB approved the USD 300 million Project Crane facility

Approval set the nonsovereign senior unsecured corporate loan and result framework for BIPI, MICP/MCT and MICT. The three terminal programmes remained separate, with site-level awards and completion still to be evidenced.

Read controlling source

ICTSI launched SLCT and described active construction

The launch release says Phase 1 construction started in September 2025, describes a 400-metre quay, and targets September 2027 completion. Those statements conflict with ICTSI's January 2026 425-metre and May-to-September 2027 programme, so neither version should be silently normalized.

Read controlling source

ICTSI published the first detailed SLCT Phase 1 programme

The release defines a 425-metre quay, 11-hectare yard, four remote super post-Panamax cranes, and 800,000-TEU initial capacity, with construction described as May to September 2027. It is a programme disclosure, not contractor or acceptance evidence.

Read controlling source

ICTSI's annual report confirmed that MCT berth expansion began in 2025

The annual report moves MCT beyond a concession-linked investment plan into physical expansion and records more than 300,000 TEUs plus a 13 percent berth-productivity improvement. It does not identify the contractor, dredging progress, or completed wharf length.

Read controlling source

AIIB completed Project Crane concept review

The concept-review date establishes the lender's formal appraisal sequence. Earlier MICT, MCT, or BIPI assets and activities cannot be labelled AIIB-financed merely because they later appear inside the corporate facility's result framework.

Read controlling source

MCT secured a concession extension and announced a 300-metre berth expansion

The 25-year extension keeps MCT under MICTSI management to 2058 and accompanies a stated investment of more than USD 100 million, including a 300-metre berth extension and new equipment. The announcement records sponsor intent; construction start remains unconfirmed.

Read controlling source

DENR approved 9,900 square metres of BIPI backfilling

The BIPI ESIA records approval for an auxiliary backfilling component supporting port expansion and coastal protection. Placed volume, completed stabilization, quay acceptance and Phase 2 approval remain outside that backfilling authorization.

Read controlling source

MICT commissioned three cranes while Berth 8 Phase 2 advanced

Three new Panamax quay cranes became operational and ICTSI described the 300-metre Berth 8 wharf and yard expansion. These commissioned cranes predate AIIB approval and are operating-history context, not evidence of the future electric crane procurement under Project Crane.

Read controlling source

MICT Berth 8 development began in Q4 2022

ICTSI's signed 2025 annual filing places the civil programme start in the final quarter of 2022 and separates yard Phase 1 from berth-and-yard Phase 2. This long-running construction history must remain distinct from the 2026 corporate financing approval.

Read controlling source

Delivery watch

Evidence needed next

Reconcile the conflicting Bauan/SLCT programme and quay-length disclosures, then obtain terminal-specific contractor, dredging, quay-progress, crane-award, acceptance, and AIIB disbursement records

Decision watchpoints

  • AIIB effectiveness, disbursement, and terminal-by-terminal capex allocation
  • MICT Berth 8 Phase 1 and 2 acceptance plus electric ship-to-shore crane award and commissioning
  • MCT's 300-metre Phase II and III-A wharf extension, dredging window, contractor, and berth handover
  • Bauan/SLCT quay length, dredging and civil programme reconciliation across conflicting owner disclosures
  • BIPI dredging permit, dumping route, 9,900-square-metre backfill, resettlement, and ESMP compliance
  • Terminal-specific capacity, berth productivity, emissions, and commercial-operation evidence

Related records 2

Project availability status

This public project page is a tracked market record rather than a tender notice, contractual commitment, or commercial instruction. Use the status, confidence label, evidence-review date, and source note together when judging how much weight to place on the signal.

Read featured analysis Review methodology Submit stronger evidence or a correction Open project tracker

Record control

Evidence reviewed date is not a project-event date.

IMWO changes phase, participants, scope, completion, or acceptance wording only when a dated source establishes the change. The review date records when the evidence set was checked; it does not claim that physical work changed on that date.

Evidence reviewed 16 July 2026 Sources in this record 14

Source record

AIIB approved Project Crane on 25 March 2026 after concept review on 10 July 2025 and final review on 20 November 2025. Its result framework names BIPI, MICP/MCT, and MICT, but the USD 300 million corporate loan is not a single construction package. ICTSI's 20 May 2026 release allocates the programme across MICT, SLCT, and MCT and gives 2027-2028 capacity targets. The MICT line combines a Berth 8 programme started in Q4 2022 with future electric ship-to-shore cranes; three earlier Panamax cranes commissioned in July 2024 and 16 hybrid RTGs delivered in 2025 are operating-history context, not proof of AIIB-funded procurement. MCT secured a concession extension to 2058 in December 2024 alongside a stated investment of more than USD 100 million and a 300-metre berth extension; ICTSI's 2025 annual report says physical berth expansion began during 2025, while the disclosed MICP ESIA places civil works in December 2025-March 2027 and localized dredging in June-August 2026. For Bauan/SLCT, the BIPI ESIA records the August 2024 ECC transfer, October 2024 approval for 9,900 square metres of backfilling, a November 2025 dumping permit, planned February 2026 dredging permit, February 2026-August 2027 dredging, October 2026-August 2027 civil works, and operation from January 2028. ICTSI's public programme descriptions conflict: its January 2026 release describes a 425-metre Phase 1 quay and a May-to-September 2027 construction period, while its March 2026 launch says construction started in September 2025, describes a 400-metre Phase 1 quay, and targets September 2027 completion. The discrepancy is reported without selecting one version.

Phase: construction. Evidence reviewed: 16 July 2026.

Project sources 14