Asian Terminals Inc. (ATI), the Philippine port operator partnered with DP World, has secured a 25-year extension of its concession to operate and develop Manila South Harbour, ensuring continuity of operations and investment at one of the country’s principal international trade gateways until 2063.
The renewed concession agreement, signed with the Philippine Ports Authority (PPA), will take effect when the current contract expires in May 2038 and run through May 2063. The extension provides long-term certainty for ATI to pursue further investments in port modernization, capacity expansion, digitalization and sustainable infrastructure.
The agreement comes as ATI marks its 40th anniversary, underscoring four decades of investment in Philippine port infrastructure and trade facilitation. Over the past four decades, the company has invested more than PHP42 billion in developing and modernizing its port facilities, handling approximately 30 million TEUs of containerized cargo, 57 million metric tons of non-containerized cargo and 70 million passengers.
DP World Executive Chairman Essa Kazim said the concession renewal reflects confidence in the Philippines’ long-term economic growth and provides the certainty required for sustained investment in world-class trade infrastructure. Jason Varsamidis, CEO and Managing Director of DP World Asia Pacific, described the extension as a strong endorsement of ATI’s operational track record and long-standing partnership with the Philippine Ports Authority.
ATI said future plans for Manila South Harbour include expanding capacity, deploying greener, more energy-efficient cargo-handling equipment, increasing automation, and adopting advanced digital technologies. The investments aim to enhance operational efficiency, support growing cargo volumes, and deliver more sustainable port and logistics solutions to shipping lines, importers, exporters, and the wider logistics community.
The concession renewal is expected to strengthen Manila South Harbour’s position as a key regional gateway and support the Philippines’ growing role in international trade and supply chains.
