ICTSI SLATED TO START CONSTRUCTION OF THE P4-BILLION TAGUM (DAVAO) INTERNATIONAL PORT
“DAVAO CITY — International Container Terminal Services, Inc. (ICTSI) is set to build a P4-billion port in Madaum, Tagum City starting next year.
“[The project] will start next year, but I am not sure if it will be built under the public-private partnership system,” Tagum City Mayor Ronnel L. Rellon said in a recent interview here.
The proposed location is the 10.3-hectare private commercial port in Barangay Madaum owned by Hijo International Port Services, Inc. Mr. Rellon said the Hijo port development plan shows the need for one-kilometer-wide warehouses, which in turn require a reclamation project that will also start next year.
The existing two-lane Madaum-San Isidro highway is also set to be expanded to a four-lane highway to meet the port’s demands.
Mr. Rellon said ICTSI President Enrique K. Razon, Jr. is keen on developing the Hijo-owned facility into one of the largest port facilities in the Philippines, with a 50-hectare coastal area, a 12-meter draft berth and annual capacity of two million 20-foot equivalent unit containers.
ICTSI and Hijo Resources Corp. signed a joint venture contract for the project in November last year. ICTSI officials, including Mr. Razon, were unavailable for comment. But, Mr. Rellon said he met informally with Mr. Razon a few months ago, when the tycoon confirmed his plans of developing the area, which has been designated a special economic zone. — Carmencita A. Carillo”