Posted October 3, 2019
PPA expedites unsolicited offers for port developments in VisMin
Unsolicited proposals to develop Visayas and Mindanao may gain before the year ends as the Philippine Ports Authority (PPA) targets to ramp up negotiations with the proponents.
Jay Daniel Santiago, general manager of PPA, said that since the agency was already done with Chelsea Logistics and Infrastructure Holdings Corp.’s (Chelsea) P11.2-billion Davao Sasa proposal, it would now focus on the offers of Razon-led International Container Terminal Services Inc.(ICTSI) and Davao-based Kudos Trucking Corp. to develop the Port of Iloilo and Port of General Santos, respectively.
“[W]e’re processing [them] on a first-in, first-out basis,” he told reporters following the Shipping and Logistic Outlook: Spurring Philippine Economic Growth Forum in Manila.
Santiago said they are targeting to complete the negotiations with Kudos Trucking within next month, and award the original proponent status by November. The PPA would then endorse its proposal to the National Economic and Development Authority (NEDA) for further evaluation.
The PPA chief did not disclose any details about Kudos Trucking’s offer when asked.
On the Iloilo port offer, the agency was hoping to move on to ICTSI’s proposal by December.
In May, the listed port operator said it plans to spend P8.7 billion on the Port of Iloilo to make it the “major regional transhipment hub” in the Visayas.
“I would think that both for Gensan and Iloilo, the process would be expedited because a lot of the terms that were supposed to be subject of the negotiations we already settled that with the Davao Sasa. We have to process the proposal under the same terms as what we have indicated in the Davao Sasa proposal,” Santiago said.
Chelsea’s Davao Sasa offer is yet to secure NEDA’s approval. Once it does, it would face Swiss challenge allowing other groups to present their proposals, which the Dennis Uy-led company can match.