The Anflo Management and Investment Corporation (ANFLOCOR) is investing Php 2.7 Billion for the construction of the Davao International Container Terminal (DICT) in Panabo City, Davao del Norte.
This was announced by ANFLOCOR President and Chief Executive Officer Alexander N. Valoria last February 21, 2012, during the signing of loan documents with officials from Bank of the Philippine Islands. Security Bank will provide the other portion of the syndicated loan.
“Preparations for the construction of DICT are underway and we’re looking at the eventual groundbreaking of this project later this quarter of the year,” Valoria said.
DICT will have ship-to-shore cranes, which can serve gearless vessels, and brand new and modern container handling equipment and state of the art Terminal Operating Systems (TOS) that will ensure faster vessel turn-around time.
Aiming to sustain freshness of perishable items for export, the availability of plug-in facilities inside the container yard will offer convenience and efficiency to fresh produce exporters.
The port has an average draft of 15.5 meters which allows it to accommodate large Panamax vessels. And with light to moderate traffic flow in the area, faster turn-around of container trucks will also be ensured.
“In an increasingly globalized economy, we can expect that the overall volume of trade will accelerate,” remarked Valoria.
He added that this project will upgrade the current TADECO wharf into a modern container terminal to meet the demands of fresh produce companies serving the global market.
0 Comments
Oldest