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
Current statusAIIB loan approved; three terminal programmes active on separate schedulesSource confidenceConfirmed
Location
Philippines / Asia Pacific
Segment
Port infrastructure
Status
AIIB loan approved; three terminal programmes active on separate schedules / Confirmed
Last checked
16 July 2026
Coverage
Related sectors
Port infrastructure is the primary work classification. Related sectors connect this record to adjacent marine delivery and market coverage.
Subject index
Related subjects
These subject pages bring together related projects, technical articles, reports, and evidence methods.
Project anatomy
Contract scope and delivery roles
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 evidence boundary
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
Project timeline
Material developments
Dated events that changed scope, counterparties, delivery, commissioning or operating status.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.