Monday, March 1, 2021
Home Ports/Terminals PPA income jumps 24% as 16 PMOs surpass revenue targets for 2018

PPA income jumps 24% as 16 PMOs surpass revenue targets for 2018

Image by Tumisu from Pixabay

The Philippine Ports Authority (PPA) recorded a net income of P5.554 billion in 2018, 24% higher than the P4.473 billion earned in 2017.

Revenue in 2018 amounted to P17.496 billion, 13.93% higher than the P15.356 billion in 2017, according to PPA’s 2018 unaudited financial report. In a separate report, it was noted that the 2018 revenue was also 8.13% higher than the annual target. The growth was due to the increase in volume of vessel and vessel traffic, tariff rate adjustment, and the positive impact of dollar-denominated tariff.

Among PPA’s 25 port management offices (PMO), 16 exceeded their revenue collection targets for the period, while 23 of the 25 showed improved revenue generation compared with their performance in 2017. The top five revenue earners were the PMOs in NCR South, Batangas, Davao, Bataan, and NCR North.

For 2018, PPA allocated a total of P4.847 billion budget for locally funded projects, which totalled 162 carry-over and new projects nationwide.

Of this total, 68 projects were for Luzon ports, 34 projects for Visayas ports, and 60 for Mindanao ports.

As of December 2018, there were 40 completed, 49 ongoing, 22 undergoing procurement, 44 still for approval and yet to be procured, and eight suspended.

The budget utilized as of December 2018 was P3.188 billion, equivalent to 65.76% of the whole allotment.

PPA also allocated P750 million to remove 1.373 million cubic meters (m3) of silt at various piers and harbors nationwide to ensure that serviceable water depths are maintained for the safe navigation of large vessels calling at the ports.

A total of 1.322 million m3 of silt were removed at the ports of North Harbor (entrance channel), Puerto Princesa, Guiuan (Eastern Leyte), Currimao (Ilocos Norte), Abra de Ilog (Occidental Mindoro), Nasugbu, Ormoc, Guadalupe (Southern Leyte), Ozamiz, Capinpin, Calatagan, Bauan, Surigao, Masao (Butuan), Dapitan, Iligan, Cagayan de Oro, Pio Duran (Albay), Castilla (Sorsogon), Bulan (Sorsogon), Virac (Catanduances), Tabaco (Albay) and Jose Panganiban (Camarines Norte) under a privatized dredging setup.

Budget used up as of end of December 2018 was P577.94 million, equivalent to a 77.06% utilization rate.

Routine and preventive maintenance of port facilities and structures to ensure they are kept at safe and serviceable conditions at all times had a budget of P3.20 billion.

At yearend, 198 repair projects were completed, 108 were ongoing, and 18 were yet to start. Budget utilized as of December 2018 was placed at P2.363 billion or 73.85% of the total.

 

HITS

As part of PPA’s priority IT projects and following audit findings by its quality management system certification, PPA developed and implemented on December 21, 2018 its Helpdesk Information and Ticketing System (HITS).

HITS is an incident logging system capable of handling and recording all reported system issues on PPA computerized applications. It is also capable of tracking cases and reminding support personnel of deadlines as well as of the severity level of the reported incident.

Another computerization program implemented in 2017 and continued last year is the Internet-based Port Operations Receipting for Terminals System (iPORTS). iPORTS is part of PPA’s continuing effort to promote transparency and efficiency as well as streamline business processes in the ports.

The system is a web-based application that aims to upgrade the transactional processes of terminal ports. Pilot of the system was implemented in 2017 at the PMOs of NCR North and NCR South.

In 2018, the system was rolled out in 11 PMOs, namely, Bohol, Misamis Occidental/Ozamiz, Surigao, Agusan, Zamboanga, Zamboanga del Norte, Western Leyte/Biliran, Misamis Oriental/Cagayan de Oro, Davao, Palawan, and Mindoro.

To enhance maritime safety and security, PPA in 2018 installed Automatic Identification System (AIS) at 26 ports nationwide. IASs, which are components of aid to marine navigation, were installed at Sasa, Lucena, Marinduque, Tagbilaran, Tubigon, Tapal, Jagna, Talibon, Catagbacan, Ubay, Maribojoc, Jetafe, Currimao, Salomague, Ozamiz, Jimenez, Plaridel, Dumaguete, Tandayag, Larena, Siquijor, Dumangas, Iloilo, Mati, Malalag, and General Santos.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

8 − 2 =

- Advertisment -

Most Popular

- Advertisment -