Port authority to build ports worth P11-B

ABS-CBN News

Posted at Feb 13 2009 10:19 PM | Updated as of Feb 14 2009 06:19 AM

The Philippine Ports Authority (PPA) will construct 74 modular ports around the country worth P11 billion this year.

Oscar Sevilla, the general manager of the port regulator, said that construction of the ports would start by the third quarter or fourth quarter of 2008.

The modular ports construction is part of the government's "GMA Maritime Port Access" project, which the Department of Transportation and Communication (DOTC) has agreed to shoulder, Sevilla said.

Sevilla said modular ports are cheaper and easier to build. PPA is also tapping a contractor of Eiffel Tower in Paris who developed a modular port technology.

Each port can be completed in two months. Sevilla said each would cost between P40 million and P50 million.

Sevilla said the government is negotiating with foreign banks to finance the implementation of the project.  Once completed, the modular ports will become a part of the Roll-on, Roll-off (RORO) Nautical Highway in the country.