North Harbour development on track in Manila

A joint $312m bid by Metro Pacific Investments and Harbour Centre Port Terminal has been accepted by Philippine Ports Authority for the development and operation of the North Harbour at Manila.

The project will expand the existing 52 hectare area to one of 70 hectares, as part of a 25-year concession, during which the government will receive $145.8m in fees. The improvement package also includes substantial dredging.