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MANILA, Philippines - State-run Philippine Ports Authority (PPA) will privatize a container terminal in Davao and a bulk handling facility at the Manila South Harbor this year.
"We will bid out the Davao container terminal this year. We are going through NEDA for ICC approval," Juan Sta. Ana, PPA general manager said.
Under government rules, big-ticket infrastructure projects require approval of the Infrastructure Coordinating Committee of the National Economic and Development Authority, which President Benigno Aquino III chairs.
The Davao Port has a capacity of 700,000 twenty-foot equivalent units (TEUs), but the PPA forecast this to increase up to 1.2 million TEUs in the next five years.
Davao Integrated Port Stevedoring Service Corp., a unit of International Container Terminal Services Inc. (ICTSI) is the lone cargo handler at Davao Port.
Sta. Ana said PPA also is looking into the feasibility of a bulk handling facility at the South Harbor in Manila.
"The feasibility study will be completed in the next two to three months," he said.
Oil companies have expressed interest in operating the proposed bulk handling facility with the looming closure of the Pandacan oil depot.
Sta. Ana said the area between Pasig River and South Harbor offers a huge potential for commercial port operations.
The facility would cater to a wide range of bulk cargoes such as wheat/flour, minerals and petroleum products.
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