ICC Cabcom approves PHP9.2-B new Cebu international container port

• Source: http://www.pna.gov.ph/index.php?nid=3&rid=928228
• Monday, October 3, 2016

(PNA), LAP/EB/EBP

CEBU CITY, Oct. 3 (PNA) -- The Investment Coordination Committee-Cabinet Committee (ICC-Cabcom) has approved the PHP9.2-billion New Cebu International Container Port (NCICP) project in Tayud, Consolacion town in northern Cebu, an official said.

Cebu Port Authority (CPA) General Manager Edmund Tan said the new international port will allow Cebu to welcome bigger ocean-going vessels.

The NCICP is proposed to be built on a 25-hectare reclaimed site in Tayud, Consolacion, where international port operations will be transferred.

The current Cebu International Port (CIP) in Cebu City occupies 14 hectares, which will then be used for international cruise lines.

Tan said the CIP is already congested and has exceeded its optimal yard utilization rate due to the increased cargo volume arriving in the Cebu Port.

Tan said the ICC-Cabcom chaired by Socioeconomic Planning Secretary Ernesto Pernia has submitted the approved CPA port project for final approval by the National Economic Development Authority (NEDA) Board chaired by President Rodrigo Duterte.

Pernia described the project as a modern international container port facility needed to sustain Cebu’s development.

The project will be funded through official development assistance as recommended by the Korean International Cooperation Agency (KOICA).

KOICA reviewed the port feasibility study previously done by the Japan International Cooperation Agency (JICA) about 16 years ago.