• Singapore’s Portek to bid for P17-B PH port project

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    Singaporean firm Portek will bid for the P17-billion Davao Sasa Port modernization project, a Philippine official said on Thursday.

    Cosette Canilao, executive director of the Public-Private Partnership (PPP) Center, said in a text message to reporters on Thursday Portek had bought bid documents.

    The project includes a dedicated container handling facility, a warehouse and a quay under a 30-year concession period.

    The existing port occupies a total area of 18.1 hectares, including a 4.15-hectare container yard and 864 container yard ground slots.

    The Department of Transportation and Communications and the Philippine Ports Authority have been appointed by the Development Bank of the Philippines and the International Finance Corp., the private arm of the World Bank Group, to act as transaction advisers for the international competitive public bidding.

    The prospective bidders will finance, design, develop, operate and maintain the port.
    Portek is a subsidiary of Mitsui & Co. Ltd. of Japan, with offices in nine countries.

    It operates ports in Algeria, Gabon, Malta, Rwanda, Indonesia and Latvia.

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