Evaluation of P11-billion Sasa Port development proposal done in Q3–PPA chief
By Lorenz S. Marasigan
The Philippine Ports Authority (PPA) aims to wrap up the evaluation of the unsolicited proposal of Chelsea Logistics and Infrastructure Holdings Corp. for the development of the Davao-Sasa Port in the third quarter of 2019.
PPA General Manager Jay Daniel R. Santiago said his office has completed the initial evaluation of the P11-billion unsolicited proposal.
The PPA, he said, will soon forward the proposal to the Department of Transportation (DOTr) for its evaluation. After this, if it approves the proposal, it will then endorse it to the National Economic and Development Authority (Neda) for review.
“There will also be a period for negotiations for the terms of the proposal,” he said. “We should be able to conclude this no later than the end of September.”
Briefly discussed earlier by Chelsea President Chryss Alfonsus V. Damuy, the proposal involves the rehabilitation of the existing terminal and the installation of modern equipment in the port. It will be done in four phases, and each phase will serve as an indicator of a certain milestone in cargo and passenger volumes.
The proposal also includes the reclamation of land to expand the port for both international and domestic cargo and passenger traffic. It also involves the operation and maintenance of the said port for a period of 25 years.
Chelsea is aggressively expanding its business verticals, as it will soon enter the telecommunications market, being part of the winning bidder for the third telco spot.
It has also submitted a proposal for the modernization, expansion, and operation and maintenance of the Davao International Airport.
Source: Business Mirror