THE Department of Transportation (DOTr) expects the construction of the PHP16-billion (US$273 million) Cebu International Port to start in the third quarter, reports Philippines Star.
The operations and maintenance (O&M) of the port is being eyed as a public-private partnership (PPP) project.
During the Asia Infrastructure Forum organized by Infrastructure Asia, transportation undersecretary Timothy John Batan stated the agency expects construction of the new Cebu International Port to begin by next quarter after the necessary government approvals are secured.
The project, to be built on a 25-hectare reclaimed area in Consolacion in Cebu, will have two berths to accommodate 2,000 TEU vessels upfront and eventually 4,000 TEU vessels.
Mr Batan said the project has secured the endorsement of the Investment Coordination Committee (ICC)-Technical Board earlier this week.
The next step is to get the approvals of the ICC-Cabinet Committee and the National Economic and Development Authority Board, which is chaired by the President.
SeaNews Turkey
The operations and maintenance (O&M) of the port is being eyed as a public-private partnership (PPP) project.
During the Asia Infrastructure Forum organized by Infrastructure Asia, transportation undersecretary Timothy John Batan stated the agency expects construction of the new Cebu International Port to begin by next quarter after the necessary government approvals are secured.
The project, to be built on a 25-hectare reclaimed area in Consolacion in Cebu, will have two berths to accommodate 2,000 TEU vessels upfront and eventually 4,000 TEU vessels.
Mr Batan said the project has secured the endorsement of the Investment Coordination Committee (ICC)-Technical Board earlier this week.
The next step is to get the approvals of the ICC-Cabinet Committee and the National Economic and Development Authority Board, which is chaired by the President.
SeaNews Turkey
