Construction scheduled for next year at site of Hijo-owned port in Barangay Madaum, says city Mayor
International Container Terminal Services Inc. (ICTSI) is set to embark on a £14.5 million project to build a new port in Madaum, Tagum City.
The port will be built at the site of the Hijo International Port Services-owned commercial port in Barangay Madaum and will require a major land reclamation project, reports Business World Online.
In addition, the Madaum-San Isidro highway will be expanded from its existing two lanes to four to meet the demands of the new port facility.
Tagum City Mayor Ronnel L. Rellon told reporters in the Philippines that he expects construction works to begin as early as next year, however he was unable to confirm whether it would be built under the public-private partnership system.
Rellon added that ICTSI president Enrique K. Razon, Jr is looking to develop the Hijo commercial port into one of the largest port complexes in the Philippines, with an annual capacity pushing two million TEU.
An agreement for the project was signed in November last year as part of a joint venture between ICTSI and Hijo Resources Corp., according to Business World Online.