A request from Manila North Harbour Port, Inc (MNHPI) to extend a construction deadline for a dock has been denied by the Philippine Ports Authority (PPA), Seatrade Asia reports.
MNHPI wanted to miss the building deadline for the 52-hectare dock by two years, but PPA insisted that the project be completed by 2015 as stated in the contract. MNHPI submitted a construction plan spanning from January 2012 to June 2017, which exceeded the three-year completion timeline preferred by the port authority. The modernization plan for the first stage of the P14.5bn ($339m), multi-phased construction is to redesign the 10-pier site into a three-terminal port with wider beds that will raise handling capacity to 28 containers per hour from five. The original plan was for the construction to start last year and be completed by 2013. However, delays in the transaction have pushed back the start of the project.
MNHPI wanted to miss the building deadline for the 52-hectare dock by two years, but PPA insisted that the project be completed by 2015 as stated in the contract. MNHPI submitted a construction plan spanning from January 2012 to June 2017, which exceeded the three-year completion timeline preferred by the port authority. The modernization plan for the first stage of the P14.5bn ($339m), multi-phased construction is to redesign the 10-pier site into a three-terminal port with wider beds that will raise handling capacity to 28 containers per hour from five. The original plan was for the construction to start last year and be completed by 2013. However, delays in the transaction have pushed back the start of the project.