The Philippine Ports Authority (PPA) named the winner for the US$302.5 million, 25-year Manila North Harbor (MNH) modernisation project, an initiative which has spanned almost three decades and the administration of four Philippine presidents, the Manila Bulletin reported.
The lone eligible bidder, the consortium of Metro Pacific Investments Corporation (MPIC) and Harbour Centre Port Terminal (HCPT), submitted a bid for the project last month.
PPA opened the bid two weeks ago. The winning proponent will convert North Harbor, the country’s premier but most inefficient port, into a world-class facility.
This entails removing eight dilapidated piers and building new ones to hasten the entry and exit of shipments, dredging around the port to accommodate bigger vessels, adding proper cargo-handling equipment, modern cranes and expanding the container depot.
The lone eligible bidder, the consortium of Metro Pacific Investments Corporation (MPIC) and Harbour Centre Port Terminal (HCPT), submitted a bid for the project last month.
PPA opened the bid two weeks ago. The winning proponent will convert North Harbor, the country’s premier but most inefficient port, into a world-class facility.
This entails removing eight dilapidated piers and building new ones to hasten the entry and exit of shipments, dredging around the port to accommodate bigger vessels, adding proper cargo-handling equipment, modern cranes and expanding the container depot.