HCPTI Manila ports to be complemented by Subic concession

June 30, 2010 12:24 pm 

MANILA, June 30 – Ranking officials of Harbour Centre Ports Terminals Inc. (HCPTI) announced that it will be beefing up its port presence with the acquisition of Naval Supply Deport (NSD) from the Subic Bay Metropolitan Authority (SBMA).

NCPTI president and chief executive officer Michael Romero also stressed that the operation of the company's Manila North Harbor will not be affected by the NSD as both terminals are different in operation.

“Unlike Subic (NSD), North Harbor has a different character. You have passengers and shipping lines, while NSD handles general cargoes or both bulk cargoes and some containerized goods," he added.

The HCPTI president also stressed that for the moment, NSD has no cargo volume to speak of yet.

"That’s our problem. We (HCPTI) are the ones who will bring in the cargoes there. We’re bringing in the market,” Romero added.

The situation is very different in North Harbor as the latter facility has its own market already as the bigger shipping lines have made the facility its home port.

Romero also said that HCPTI, when it bagged the contract for for NSD, will spend around P6 billion for management and development of the 25-year concession.

The HCPTI president added that they are expecting that NSD will complement more on the operations of Manila Harbour Centre, a private port, as the facility has already reached 95 percent of its capacity.

SBMA at the moment still has to award the contract to Harbour Centre as the deal is still covered by the election ban on government contracts.

Earlier this year, Harbour Centre made an unsolicited bid to develop and operate NSD. (PNA)

LDV/PFN

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