A look at Asian Terminals Inc.'s (ATI) Pier 3 expansion.
MANILA, Philippines - Listed Asian Terminals Inc. (ATI) said its newly rehabilitated Pier 3 at its gateway port Manila South Harbor is now operational.
In a statement, ATI said it continues to boost efficiency and productivity at Manila South Harbor by adding berth and yard capacity.
As part of the development of Pier 3, ATI said it extended its crane rails and leveled off the pier's apron which created1 ,960 twenty-footer equivalent units (TEUs) in additional empty stacking space.
By early next year, ATI said additional ship-to-shore crane will be deployed to Pier 3.
The development is part of ATI's P1.8 billion capital expenditures for 2013.
Earlier this year, ATI completed the expansion of its truck-holding area for another 100 slots, the expansion of its yards by 3,520 TEUs and investment on additional container handling equipment and other facilities.
ATI is currently expanding its land-side facilities by developing available spaces within the Manila South Harbor expanded port zone to complement its pier-side investments.
With the these developments, ATI is on target to grow its capacity to over 1.2 million TEUs.