State-run Philippine Ports Authority said it expects to grant by the end of September the original proponent status to Chelsea Logistics Holdings Corp. for its proposal to develop and operate the Davao Sasa Port.
“Maybe we should be able to conclude that no later than the end of September,” PPA general manager Jay Daniel Santiago said.
Santiago said Chelsea Logistics had completed all the documents for its proposal to modernize the Davao Sasa Port for P16 billion. The company proposed a 25-year concession period.
Sasa Port is designed for break bulk cargo vessels. About 500,000 metric tons of steel, wheat, fertilizer, motor vehicles, heavy equipment and other cargo not suitable for containers went through Sasa Port in 2014, according to PPA data.
Davao Integrated Port and Stevedoring Services Corp., an operator at the Sasa port, said the current capacity of Sasa is about 700,000 twenty-foot equivalent units.