Unsolicited Davao Sasa bid gains traction
Chelsea Logistics Holdings Corp. is getting closer to gaining the approval of the Philippine Ports Authority (PPA) for its plan to modernise the Davao Sasa Port in the Philippines.
PPA general manager Jay Daniel Santiago said Chelsea’s P11.2bn proposal is now under the evaluation of the agency, according to The Philippine Star.
“Chelsea has completed the submission of documents sometime late December, after we acknowledged that their submission is complete, we will evaluate it within the whole month of January,” Mr Santiago said.
“Hopefully by end of January or first half of February, PPA would have been able to determine the feasibility of the proposal,” he added.
Chelsea Logistics submitted an P11.2-billion unsolicited proposal to the PPA for the modernisation of the Davao Sasa Port in in August last year.
A planned Davao Sasa Port modernisation project was dropped by the Philippine Ports Authority (PPA) in December 2016. It has previously been approved by The National Economic and Development Authority but ran into trouble following a dispute over how it would be managed.
PPA subsequently planned to redevelop the port with a smaller budget.
Chelsea Logistics president and chief executive officer Chryss Alfonsus Damuy earlier said the company is asking the government for at least a 25-year concession period, reported The Philippine Star.
He said the proposal would be done in at least four phases, with the first phase likely costing P5bn and involving the rehabilitation of the existing port and installation of modern equipment.
LATEST PRESS RELEASES
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from Martin Operating Partnership
Bruks Siwertell’s proven technology and delivery capabilities secures new ship loader contract from ... Read more
Kuenz recently delivered a rail-mounted container crane to the Netherlands that features a lifting c... Read more
Taylor is proud to announce a new focus on the International markets for heavy industrial lift equip... Read more
The Aqaba Container Terminal (ACT) is the only container port in Jordan and the primary trade gatewa... Read more
Terminal Intermodale Venezia (TIV), part of Hili Company, has gone live with Navis N4 TOS. On Sunday... Read more
Bruks Siwertell has secured a further Siwertell ship unloader order from Israel’s Ashdod Port Compan... Read more