Philippines launches tender for Davao Sasa port PPP project
The Department of Transportation and Communications (DOTC) and Philippine Ports Authority (PPA) have launched a tender process to carry out the Davao Sasa Port Modernization project.
In October 2104 the government of Philippines, through the National Economic and Development Authority (NEDA), approved the PPP project. Now DOTC and PPA are inviting international and local companies to pre-qualify and bid to finance, design, redevelop,operate and maintain the Davao Sasa Port Modernization PPP project. The concession will be for a period between 35 and 40 years.
The project will involve the development of the existing port into a modern, international-standard container terminal that will improve trade access to Mindanao and the Philippines by providing a dedicated containerized port in the region.
The private partner will be responsible for the construction and 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 equipment like ship-to-shore cranes and rubber-tyred gantry over the pre-agreed concession period.
The total project investment is estimated at P17.46 billion (US$390.9 million).
The Development Bank of the Philippines and the International Finance Corporation (IFC) are acting as the transaction advisors to DOCT and the PPA for the tender.
See tender announcement:
http://ppp.gov.ph/wp-content/uploads/2014/08/Davao-Sasa-ITPB.pdf
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