Mindanao Container Terminal (Tagolaon) (Sugbongcogon)

 seaport, wharf, container / transport / storage terminal

Container terminal.
The MCT is a Flagship Project of Mindanao and it is one of the most important infrastructure needed to pump prime Mindanao Development.

Considering the existing capacity of the Cagayan de Oro Baseport which is only 1.8 Million Metric Tons, vis-a-vis increase in cargo volume which for year 2002 had actually reached 2.79 Million Metric Tons, the MCT can efficiently fill-in the supply gap for an efficient cargo handling facility.

The MCT, with its state of the art facilities and cargo handling equipment, unloads one container van in about 2.5 minutes as compared to the 10 minutes unloading in an ordinary port.

Thus with MCT, cargo can be efficiently shipped not only to and from PIE-MO, but also those coming in and out of the other places in Mindanao, into the Brunei, Indonesia, Malaysia, Philippines East-Asia Growth Area or the BIMP-EAGA Region, as well as the Asia-Pacific Region.

The total cost of the MCT is US$ 85.34 Million or its peso equivalent of about Php 3.24 Billion of this amount, 85% is funded by JBIC and 15% is financed by PIA. Its design and management during construction stage is by Pacific Consultants International (PCI), Japanese Contractor is Mitsubishi-Kawasaki-Toyo Joint Venture (MKT-JV).