The state-run Philippine Ports Authority (PPA) plans to privatise three ports in Mindanao under the government's public-private partnership (PPP) programme, reports Seashipnews of Dalian.
First up is Davao, a fast growing port with an annual capacity of 700,000 TEU, which PPA reckons will be 1.2 million TEU in five years.
After Davao, PPA is looking at Cagayan de Oro and Zamboanga as the next ports for privatisation.
Mindanao expects trade to pick up with nearby Malaysia, Indonesia and Brunei, who together form the East ASEAN Growth Area (BIMP-EAGA), a sub-regional economic cooperation initiative in Southeast Asia.
