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PHIVIDEC INDUSTRIAL AUTHORITY ANNOUNCEMENT

The PHIVIDEC Industrial Authority (PHIVIDEC IA) is pleased to announce that PHIVIDEC-IA and Mindanao International Container Terminal Services Incorporated (MICTSI) have signed an Amendment and Supplement to the Contract for the Management and Operation of the Mindanao Container Terminal (MCT) for the MCT Phase II Expansion.

PHIVIDEC-IA and MICTSI hosted the signing ceremony on December 19, 2024 at the Bureau of Customs Sub-Port Building, Tagoloan, Misamis Oriental, with Atty. Joseph Donato J. Bernedo, PHIVIDEC-IA Administrator & CEO and Aurelio C. Garcia, President and General Manager of MICTSI, representing the parties signing the agreement, along with representatives of the various local governments in Region X and industry leaders attending the event.

Strategic Expansion To Meet the Demands of the Growing Mindanao Economy

The MCT Phase II expansion project would double the berth length of the Mindanao Container Terminal from 300 to 600 meters to address the need to expand MCT’s current container volume handling capacity or utilization rate, which has reached maximum capacity since the year 2020.

Administrator and CEO Atty. Joseph Donato J. Bernedo commented, “Today’s signing ceremony reflects our commitment to growth and sustainability of PHIVIDEC-IA under this administration, and we will continue to grow with our other projects and initiatives that are lined up to benefit not only Northern Mindanao but also the entire country. I would like to thank Mr. Aurelio C. Garcia, President and General Manager of MICTSI, PHIVIDEC-IA’s Chairman Engr. Augustus N. Adis and the members of our Board for their support in making our dream of expanding our MCT Port into a reality.”

Shaping the Future of Mindanao

Upon completion of the MCT Phase II Project in 2029, PHIVIDEC-IA will play a pivotal role in ensuring the global competitiveness of Mindanao’s export-grade products, especially agricultural products, and serve as a world-class container terminal facility having established operations in all developed and emerging market economies in Asia and other parts of the world.

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REAL PROPERTY TAX AMNESTY – On June 13, 2024, Republic Act No. 12001 known as the Real Property Valuation and Assessment Reform Act (RPVARA) was signed into law by President Ferdinand R. Marcos, Jr. Fifteen (15) days after its publication in the Official Gazette or in a newspaper of general circulation, RA 12001 took effect on 10 July 2024. It is an Act Instituting Reforms in Real Property Valuation and Assessment in the Philippines, Reorganizing the Bureau of Local Government Finance (BLGF), Granting Tax Amnesty on Real Property, and Special Levies on Real Property and Appropriating Funds thereof.
We are inviting all interested applicants to avail of the said Amnesty. For further details and assistance, you may visit our office and proceed to our Revenue Assessment and Land Management Division (RALMD). Thank you & we look forward to assisting you on your application.
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