The first Public-Private-Partnership Project in Mindanao is set to open bidding later this year. The Sasa Port modernization project aims to make transport in the Davao region more efficient in terms of speed and quality of service.
The Department of Transportation and Communications (DOTC) will conduct the pre-qualification process for the Davao Sasa Port Modernization Project on July 29. Several foreign firms have expressed strong interest in the project, which is the first Public-Private-Partnership (PPP) Project in Mindanao.
“This shows the enormous potential of the Davao region. The construction of a modernized port in Sasa will help meet the growing demand for world-class port services in Davao.” said DOTC Secretary Jun Abaya. The submission and opening of bids is targeted in the fourth quarter of this year while awarding is targeted for April of next year.
A study conducted by the International Finance Corporation (IFC) and the Development Bank of the Philippines (DBP) shows that container traffic in the Davao Region is projected to increase by at least six percent (6%) annually over the next 25 years. Once the first phases of the project are completed in 2018, the Sasa Port will be comparable to the country’s top ports in terms of speed and quality of service, cutting down cargo unloading from three days to three ours by using modern ship-to-shore cranes and port operating systems.