The Department of Transportation and Communications (DOTC) has moved the bid submission for the Davao Sasa Port Modernization public-private partnership (PPP) project to a later date.
The move was intended give investors more time conduct technical, financial and legal due diligence.
In a February 12 bid bulletin, the DOTC gave pre-qualified bidders until March 28 to submit their bid documents. The previous deadline was February 26.
The PPP project entails the redevelopment of Davao Sasa Port into a modern container terminal that is on a par with international standards.
It is expected to improve access to Mindanao and the Philippines by providing dedicated containerized port in the region.
The private partner will finance the construction and the modernization of the existing port, including the new apron, linear quay, expansion of the back-up area, container yards, warehouses and the installation of new ship-to-shore cranes.
Five local and foreign groups were pre-qualified for the project, including Asian Terminals Inc.-DP World FZE Consortium, Bollore Africa Logistics, International Container Terminal Services Inc., Portek International Pte. Ltd.-National Marine Corporation Consortium, and San Miguel Holdings Corp.-APM Terminals Management (Singapore) Pte. Ltd.