Author Topic: Mindanao Container Terminal Project  (Read 408 times)


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Mindanao Container Terminal Project
« on: January 08, 2020, 01:51:25 AM »
Press Releases
April 7, 2000

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Mindanao Container Terminal Project

With the distinct geographical trait of being an archipelago comprising of more than 7,000 islands, the Philippines relies heavily on maritime transportation in its economic and social activities. Improvements of port facilities to facilitate smooth maritime transport are therefore essential. Specifically, the development of main ports that can serve as central nodes in the distribution network are essential for promoting regional development, an important aspect for the nation's economy.

The island of Mindanao targeted by this project enjoys bountiful natural resources, a suitable climate for agriculture and a vast potential for economic development. However, it is developing more slowly than such islands as Luzon and Cebu because the levels of its economic and infrastructure development are lower than the national average. The delayed improvement of port facilities in the island, in spite of drastic increases in container and non-container cargo volumes, is creating a bottleneck in the island's economic development.

Because the existing port lacks container handling facilities, this project will construct a central port in northern Mindanao and a container terminal equipped with modern machinery,including gantry cranes2, that will enable it to meet the expected increases in demand for container cargo handling. These measures are intended to improve the infrastructure in northern Mindanao and promote the development of the regional economy.

This project is consistent with the objectives established for the Philippines in the JBIC's Medium-Term Policy for Overseas Economic Cooperation Operations. These objectives include for (1) strengthening the economic structure and overcoming factors which restrict the sustainable growth, (2) alleviating poverty and mitigation of regional disparities, (3) promoting environmental conservation and disaster mitigation, and (4) development of human resources and institution building.

The proceeds of the loan will be used for the procurement of such equipment as cargo handling machinery, civil works and consulting services (detailed designs, assistance with bidding and contracts, construction supervision, environmental monitoring, organizational support for the executing agency, etc.).
The executing agency is the PHIVIDEC Industrial Authority (PIA), PHIVIDEC Industrial Estate, Tagoloan, Misamis Oriental, Philippines, Tel: 63-088-5670-135, Fax: 63-088-5670-194.

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