DAVAO CITY, Philippines – A controversial wharf project in Davao City has caught the attention and bidding of several foreign countries.
The estimated 19-billion peso project at Sasa Wharf has gained the attention of French, Spanish and Singaporean countries in a bidding war that is sure to gain steam in the coming months.
As of press time the following companies have submitted their interest in taking over the modernization project of the Sasa Wharf in Davao City:
Bollore S.A. – France
Obrascon Huarte Lain S.A. – Spain
Portek International Pte. – Singapore
Also in the bidding are two local companies including San Miguel Corp. and Dole-Stanfilco the leading exporter of Cavendish bananas in the Philippines.
All companies are required to submit their credentials by June 30th, 2015 – the winning bidder will be notified sometime in December of this year, although that allotted time frame is not guaranteed.
The winning bidder will finance and construct a new apron, liner quay, a new container yard, expansion of the back-up area, warehouses throughout the wharf as well as the installation of a new port equipment, including ship-to-shore cranes and gantry over the 30-year contract period.
Latest posts by Timothy Walker (see all)
- Fil-Am and American turn themselves in on drug run in US - November 7, 2017
- Philippines suspends Uber, Grab vehicle registrations as backlog mounts - November 7, 2017
- Mad, bad or misunderstood? What is Kim Jong Un really thinking? - August 28, 2017