Home » Ports/Terminals » ATI inks Batangas container terminal deal

ASIAN Terminals, Inc. (ATI) finally signed last week the 25-year management and operations contract to operate Batangas Port’s A1 container terminal.

ATI also operates phase I or the port’s domestic terminal.

Under the contract, the Philippine Ports Authority (PPA) stands to earn $190 million in the next 25 years on top of the $124-million fixed fee ATI has already paid and the variable fee of at least $64 million.

“With the contract already signed, ATI can take over immediately,” PPA general manager Atty Oscar Sevilla said at the sidelines of the Asia-Pacific Port Service Network Conference last week.

The ASPN is one of the channels used by PPA to market Batangas Port internationally.

No comments yet... Be the first to leave a reply!

Leave a Reply

Your email address will not be published. Required fields are marked *

4 × four =