Manila: State-run Philippine Ports Authority (PPA) plans to privatise three ports in Mindanao under the government's public-private partnership (PPP) program.
First up would be Davao, a fast growing port with an annual capacity of 700,000 teu which PPA reckons will be 1.2m teu within five years.
After Davao, PPA is looking at Cagayan de Oro and Zamboanga as the next ports up for privatisation.
Mindanao in the very far south of the archipelago is seeing trade pick up with nearby countries, Malaysia, Indonesia and Brunei, who together form the East ASEAN Growth Area (BIMP-EAGA), a sub-regional economic cooperation initiative in Southeast Asia. [14/07/14]