Listed Asian Terminals Inc. (ATI) said that it will invest P4.2 billion to meet its expansion targets for Manila’s gateway port over the next three years.
“These investments form part of our contractual commitments with the Philippine Ports Authority,” said Sean Perez, vice president of ATI.
The company said that sustaining efficient gateway ports is critical to boosting the competitiveness of the country’s industries, especially at this time of rapid economic growth.
“Manila is the center of the country’s consumer-driven economy and where majority of economic activities transpire. This is what the ports of Manila serve,” Perez said.
ATI also said that this could only be achieved if ports are contiguous to the main economic centers, thereby making goods for consumption and production readily available and more accessible to end-users at competitive rates.
Aligned with this, Perez also said that ATI is taking a balanced approach in its port development initiatives to ensure that Manila and its surrounding environs are adequately served by Manila South Harbor, while at the same time opening up a viable option for industries based in Southern Luzon via its Batangas Port.
The company said that developments at Manila South Harbor are on schedule and are primarily anchored on expanding pier- and land-side infrastructure, improving current facilities and acquiring new equipment to sustain the port’s reliability, efficiency and high productivity.
The company said that Batangas Port will continue complementing Manila ports, noting that the 300,000-TEU (twenty-foot equivalent unit) capacity container terminal was strategically designed to support the thriving industries of Region 4A, or Calabarzon, which have substantial volume potential.
According to ATI’s estimates, around 26 percent of manufacturers in the country are based in the high-growth area of Calabarzon, with some 700 businesses potentially generating 350,000 TEUs of containerized cargoes annually.
Such growth prospects have attracted inter-Asia shipping line MCC Transport, which has been servicing the port weekly for over a year now. These also have encouraged CNC Line, a fully integrated subsidiary of global transport giant CMA-CGM, to seriously study expanding services via Batangas.
ATI also urged government to fast track its road network expansion programs which would ease traffic in the metropolis.
“We are willing to support government in developing infrastructures that would improve road accessibility and interconnectivity for the ports,” Perez said.
“ATI remains committed to helping not just businesses and industries thrive, but also consumers, the other segments of the supply-chain and the economy as a whole,” he said.