Chelsea Logistics Holdings Corp. said it submitted an unsolicited offer to the Department of Transportation to develop, operate and maintain the Davao Sasa Port for P16 billion.
“We already submitted a proposal for the development of Davao Sasa Port and we are waiting for the action of DOTr on that matter,” CLC president and chief executive Chryss Alfonsos Damus said.
Damus said his company planned to spend P16 billion for the Davao Sasa Port in phases.
“The phase one is rehabilitation of the existing port and the phase 2 is increasing the capacity, but it depends on the traffic,” he said, adding the company proposed a 25-year concession period.
“If you look at the state of the port of Davao, it really needs a massive rehabilitation. There’s a lot of damaged areas that we have to rehabilitate and there is a limited equipment as to cargo handling. Those are the things that we wanted to do in the Phase 1,” Damus said.
