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INTERNATIONAL Container Terminal Services Inc., the
country’s largest port operator, has bagged the 25-year
contract to manage and operate the state-owned Mindanao
Container Terminal (MCT) in Misamis Oriental, besting
two other bidders.
In a
disclosure to the Philippine Stock Exchange, ICTSI said
it had received on Monday a notice from Phividec
Industrial Authority—owner of the port—that the company
was declared the “bidder with the highest rated
responsive bid” for the concession contract.
“ICTSI
is given 10 days from receipt of the notice to formally
enter into a contract with Phividec,” it added. The
company did not divulge details on how would it will
develop the port.
The
other bidders were the Asian Terminals Inc. and Harbour
Centre Port Terminals Inc., both of which operate their
respective flagship facilities in Manila.
The MCT
is about 20 km from Cagayan de Oro City, where another
terminal owned by the Philippine Ports Authority (PPA)
is also in operation.
Phividec,
or Philippine Veterans Investment Development Corp., had
failed twice to bid out the concession for the MCT, one
of the most modern in Mindanao.
Government intended the privatization of operations to
attract more direct callers and increase cargo traffic
in the port. Phividec, at one point, even offered its
cargo-handling operations to ICTSI without bidding just
to attract callers, but the publicly listed firm
controlled by Enrique K. Razon Jr. declined.
The MCT
was earlier barred from accepting local and
international cargo by the Misamis Oriental Regional
Trial Court on April 27, 2004, three days after
President Arroyo inaugurated the terminal.
Oro Port
Cargo Handling Services, the cargo-handling operator of
PPA-owned Cagayan de Oro Port, had convinced the court
on the exclusivity of its contract to handle cargo in
and out of Cagayan de Oro.
The
court lifted, however, its temporary restraining order
in early 2006. Investments started to pour into the
economic zone and it generated enough cargo volume
having already handled about 38,000 20-foot equivalent
units in 10 months after the court allowed it to
operate.
The MCT
has now three regular callers, including international
carrier Maersk and Magsaysay-owned National Marine Corp.
and Lorenzo Shipping Corp. It has two fixed gantries and
four rubber-tired mobile gantries.
The
terminal has total handling capacity of 270,000
containers per year but it has provisions for expansion,
both to accommodate larger ships and more containers.
Its berth length is 300 meters with a depth of 13
meters. |