ICTSI eyes North Harbor as anti-monopoly policy is reviewed
July 13, 2006
Updated 01:26am (Mla time)
Inquirer
THE Philippine Ports Authority (PPA) has recommended that a policy against having one operator for Manila’s seaports be lifted because the threat of a monopoly no longer exists, PPA general manager Oscar Sevilla said.
The policy was adopted because “there was no competition,†Sevilla said. “Today, we have that already.â€
He said the operations of Pier 15 were in direct competition with those of the North Harbor, which is dedicated to domestic shipping. The privately run Harbor Center, situated beside the North Harbor, is also a direct competitor, he added.
“The fear of monopoly is gone,†he said. “It is no longer applicable now.â€
The PPA recommended the policy change to the National Economic and Development Authority (NEDA) last week, Sevilla said.
He said the NEDA representative to the PPA board indicated that it would take at least 30 days for the policy to be decided.
International Container Terminal Services Inc. (ICTSI), which operates the Manila International Container Terminal, has expressed interest in Manila’s North Harbor, Sevilla said.
ICTSI executive vice president Edgardo Abesamis gave the expression of interest, he said, and added that officials of Harbor Center, Lorenzo Shipping Corp. and Magsaysay Shipping Lines had met with him to inquire about the status of privatization plans for the North Harbor.
Sevilla said an auction might be done “within the year.â€
He said it would be best to privatize the North Harbor as a unit rather than as several operations.
“If you will divide North Harbor because of the volume, it might not attract bidders,†he said.
Offering the port in its entirety would give the winning bidder the right to develop the entire facility and give it the leeway to develop not only cargo facilities but even the terminal, which could be used for tourism, he said. With INQ7.net
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