CHELSEA Logistics and Infrastructure Holdings Corp. (Chelsea) was conferred the Original Proponent Status (OPS) for the Davao Sasa Port Modernization Project by the Philippine Ports Authority (PPA).
The grant of the OPS was contained in the the Certificate of Successful Negotiation dated August 19, 2019, following the successful negotiation on the scope and details of the project in accordance with the 2013 Joint Venture Guidelines).
The 25-year Joint Venture Agreement for the modernization of Davao Sasa Port will be implemented in five phases, with phase 1 and phase 2 to be completed in 2021 and 2023, respectively.
The project targets to deliver among others, port capacity expansion, flow improvement of waterborne commerce and inter-island seaborne commerce and foreign trades, and streamlining, enhancement, and optimization of port maintenance and operations.
The project will also promote regional development through the dispersal of industries and commercial activities throughout the region.
“We thank the PPA and the Department of Transportation for working closely with us in finalizing the requirements and design of this huge project. As a
country’s shipping and logistics industry, Chelsea has been given the opportunity to further upgrade the supply chain management landscape of the country. We hope that through this port modernization, our mantra of ‘Better Shipping, Better Logistics, Better Life’ will redound to the rest of the region,” said Chelsea president and CEO Chryss Alfonsus V. Damuy.
After being granted the OPS, Chelsea’s proposal will be submitted to a competitive challenge.(PR)