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ICTSI in talks with banks to take over Hanjin’s Philippines yard

ICTSI ‘definitely’ does not want to have anything to do with shipbuilding, chairman Enrique Razon has said. Plans for a multi-purpose port, including facilities for a vehicle-handling terminal, and the ability to cater to the steel and power industries have been floated

The ports operator has wide experience in less-developed regions and acknowledges that road infrastructure at the shipyard facility is relatively underdeveloped for a port

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