Davao International Container Terminal (DICT) Project

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In April 2012, Phillipine based-Anflo Management and Investment Corp. secured the financing for the development construction and operation of an eight-hectare container terminal with an average draft of 15.5m in Philippines. Financing comprises a US$49.7 million (PHP2.1billion) credit facility arranged by BPI Capital and Sb Capital Investment. The debt providers were Bank of the Philippine Islands and Security Bank Corp. DICT was intended to have two ship-to-store crane which can serve gearless vessels and modern container handling equipment and state-of the-art Terminal Operating Systems to ensure faster turn-around time. Construction broke ground in May 2012 and the container is expected to be operational by the end of 2013. Not enough infomration for the entity. Needs additional info.