Philippine port operator Asian Terminals, Inc. (ATI) is allotting P4.2 billion in capital expenditures in the next three years. The amount, part of the company’s $300-million investment commitment made to the Philippine Ports Authority (PPA) under the terminal operator’s first 25-year contract signed in 1988, will be sourced through internally-generated funds.
“This investment is in preparation for bigger projects in the future to enable South Harbor to handle about four million twenty-foot equivalent units (TEUs) in three years,” said ATI vice president for commercial division Sean Perez during his presentation at the 7th Philippine Ports and Shipping Conference last week at the Manila Peninsula.
Perez said ATI is also making additional investments in its other facilities, namely Batangas Port and Makar Wharf in General Santos.
Under the investment plan, ATI will improve Pier 3 at the South Harbor; acquire additional cargo-handling equipment including two rubber-tired gantry cranes and one quay crane; and extend the crane rail for the pier.
In addition, the company is implementing from 2014-2015 development of blocks 143, 144, 145, 146 located near Gate 4 of the South Harbor facing Anda Circle along Bonifacio Drive while from 2016 to 2018, blocks 141, 142, 147 and 148 will be developed.
Other projects in the pipeline include container yard expansion set to start in 2017 for completion in 2019 and conversion of Pier 9 at the South Harbor into a dedicated container berth from 2019 to 2020.
From 2020 to 2021, the second stage of the truck holding area expansion will start and from 2022 to 2026 reclamation and development of the Engineering Island Basin.
Last year, ATI expanded the capacity of South Harbor by 3,500 TEUs and its stacking capacity by 2,000 TEU.
Image courtesy of Asian Terminals, Inc