Public-private partnership (PPP) program:

Philippine Ports Authority plans to privatize 3 ports in Mindanao

State-run Philippine Ports Authority (PPA) plans to privatize 3 ports in Mindanao under the government's public-private partnership (PPP) program.

Juan Sta. Ana, PPA general manager, said among the Mindanao ports that would privatized through the PPP route is that in Davao.

The Davao Port has a capacity of 700,000 twenty-foot equivalent units (TEUs), but PPA forecast volumes to increase to 1.2 million TEUs in the next 5 years.

The Davao Integrated Port Stevedoring Service Corp, a unit of International Container Terminal Services Inc (ICTSI), is the lone cargo handler at Davao Port.

The Davao Sasa Wharf is the country’s major port for bananas, one of its biggest exports products. According to the PPP Center, the P17.46 billion development of the Davao Sasa Port into an international-standard container terminal is set for approval by the Investment Coordinating Committee of the National Economic and Development Authority (NEDA-ICC).

"After Davao, PPA is looking at Cagayan de Oro and Zamboanga as the next ports up for privatization," Sta. Ana said.

Source: interaksyon.com

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