PPA moots PPPs for gateway ports
State-owned Philippine Ports Authority is considering public-private partnerships to cover four gateway port developments.
Iloilo, Cagayan de Oro (pictured), Zamboanga and General Santos could all be up for grabs under the privatisation plans.
A feasibility study has been conducted and the PPA is reviewing the findings. If, after review, the ports are found to be unsuitable for PPPs, the port will finance the development projects itself.
The deal still has to be approved by the National Economic and Development Authority Investment Coordination Committee.
In related news, the PPA expects operations at the Ports of Manila to return to normal by the middle of August as measures to reduce congestion kick-in. As of mid-July there were approximately 17,000 empty teu containers clogging up Manila’s ports.
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