The Manila Times

Business

  Home  

  About Us  

  Contact Us 

  Subscribe     Advertise  
  Archives     Feedback  

  Register  

  Help  

  Top Stories

  Metro

  Business

  Regions

  Opinion

  World

  Life & Times

  Sports

 

Friday, August 10, 2007

 

ATI still keen on North Harbor bid


ASIAN Terminal, Inc. will still bid for North Harbor, its top executive confirmed to The Manila Times. 

“We should be interested . . . we will join the bidding [for North Harbor],” Eusebio H. Tanco, ATI president, said in a telephone interview.

The Philippine unit of DP World was disqualified in the first bidding for failure to submit a waiver document, a requirement that ensures unhampered bidding. Instead, the company gave a special power of attorney that allows its chief executive to execute such waiver.

ATI, which posted a net income of P130.8 million in first quarter, operates three other major international seaports in the country apart from the South Harbor in Manila—the Batangas Port, Mariveles Grain Terminal in Bataan and the General Santos City Port in Mindanao.

Leopoldo F. Bungubung, Philippine Ports Authority’s (PPAs) port district manager and chairman of Special Bid and Awards Committee (SBAC), said it has set August 13 as a tentative date to republish the bidding for the modernization of the North Harbor.

The port authority declared the first bidding as a failure because only one potential bidder qualified, the joint venture of Metro Pacific Investment Corp. (MPIC) and Harbour Centre Port Terminals, Inc.

MPIC, the local unit of Hong Kong-based First Pacific Co. Ltd., owns 35 percent of the joint venture company, while Regis Romero-owned Harbour Center controls the remaining 65 percent.

Other potential bidders that were disqualified were the National Marine Corp. owned by the Magsaysay Group; Pier 8 Arrastre and Stevedoring Services, Inc. and Prudential Brokerage.
”All the rest who joined the bidding may still procure the necessarily bidding documents,” Bungubung said.

The winning bidder will operate the port for the next 25 years with provisions for renewal in order to provide it with reasonable time to recover its investments.

The North Harbor ’s Terminal 1 will service roll on-roll off container and passenger vessels, terminal 2 will service container and passenger vessel, while terminal 3 will be allotted to conventional, noncontainerized, bulk or breakbulk vessels and passenger vessels.
--Darwin G. Amojelar 

  
 

Manila Times Friends

Phgifts

philflora.gif

Sponsored Links
 

Back To Top

Severino O. Frayna Jr., Benjie Dela Rosa
Powered by: 
The Manila Times Web Admin

 

Home | About Us | Contact | Subscribe | Advertise | Feedback | Archives | Help

  Copyright (c) 2001 The Manila Times | Terms of Service
The Manila Times Publishing Corp. All rights reserved.

Hosted by: