Friday, December 16, 2016

$30 Million First Barge Terminal In The Philippines Linking Manila-Cavite Soon To Rise

The Department of Transportation (DOTr), Philippine Ports Authority (PPA), and International Container Terminal Services, Inc. (ICTSI) announces Thursday, December 15, the partnership in building first barge terminal in the Philippines.

The proposed barge terminal will be called the Cavite Gateway Terminal (CGT) which will link Manila port and Cavite via barge and roll-on/roll-off (RORO) operations.

According to PPA General Manager Jay Santiago, the barge operations will reduce truck traffic or an estimated 140,000 truck trips plying city roads annually for the first phase.

CGT will be located within a six-hectare property in Tanza, Cavite. It will have a level of integration with other major Luzon port facilities for more cost-effective and time-bound access to the Cavite market for both inbound and outbound cargo.

Cavite was identified as the prime location for such a project primarily because of the province’s high economic density.

Furthermore, DOTr Assistant Secretary Cherie Mercado said the CGT will not cost the government.

The $30 Million for Phase 1 will be shouldered by ICTSI. ICTSI is in the business of acquiring, developing, managing and operating container ports and terminals worldwide.

Moreover, along with the terminal’s advantages to cargo owners, there are also sustainable environmental and social benefits to highlight.

The reduction in traffic congestion leads to lower fuel consumption and a significant decrease in carbon emissions. The terminal will also present new employment opportunities, both direct and indirect, for the provincial labour pool.

In addition, succeeding phases of CGT will support a substantial increase in capacity and will be built to account for projected annual volume increases in the Cavite market.

Sources: Hellenic Shipping News, Update


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