SIAN Terminals, Inc (ATI) last week signed a P250-million, five-year revolving credit facility with Metrobank.
“The facility is intended as a standby fund to finance the projects of the company in the ensuing years,” the port operator said in a disclosure to the Philippine Stock Exchange.
ATI is expanding and upgrading its South Harbor terminal by adding two new ship-to-shore cranes. Manufactured by Liebherr, the cranes are capable of twin lifts of up to 60 tons. They will be operational next year.