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Saturday, May 19, 2012

Construction starts for modern P2.7-B container terminal in Panabo City, Davao del Norte


THE 2.7-billion Davao International Container Terminal (DICT) to be constructed in Panabo City will bring the island's export and import industries to international level.
Alexander Valoria, president and chief executive officer of the Anlocor Group of Companies, which owns and manages the DICT, said the facility will be operational in the first or second quarter of 2013.
photo credit from ROGER M. BALANZA


Valoria said the container terminal will be the very first of its kind in the entire Mindanao and can cater even to huge ships like Panamax. A single Panamax can carry at least four giant passenger-type vessels.
"We are certain that this project will definitely support the growth of the export and import sector and the economy of the entire region as a whole. This is a milestone to mark the beginning of a new age for international trade in Mindanao," Valoria said in a statement following the groundbreaking ceremony Friday here.
Valoria said the entire facility can cater up to 300 container vans the only container terminal in Mindanao which can cater to such number of container vans simultaneously.
The terminal uses a state-of-the-art terminal operating system (TOS) which will ensure faster vessel turn-around time.
DICT is the first container terminal to introduce new innovations in this part of the country including the availability of plug-in facilities inside the container yard in order to hasten the loading and unload of goods especially perishable products for faster transport.
Published in the Sun.Star Davao newspaper on May 19, 2012.

The two companies sealed the syndicated facility with Bank of the Philippine Islands (BPI) and Security Bank in a signing ceremony held last April 2 at the Marco Polo Hotel Davao.

Gracing the signing ceremony for the loan facility for Davao International Container Terminal are (seated l-r) Ricardo R. Floirendo, Senior Vice President of ANFLOCOR, Alberto S. Villarosa, President of SB Corporation, Antonio Floirendo, Jr., Vice Chairman of ANFLOCOR, Aurelio R. Montinola III, President of BPI, Vincent R. Floirendo, Vice President of ANFLOCOR, Cecilia L. Tan, President of BPI Capital Corporation, (standing l-r) Luis Martin E. Villalon, Director of SB Capital Investment Corporation, Federico C. Galang III, Executive Director of SB Capital Investment Corporation, Victor Q. Garcia, Vice President of BPI, Loretta G. Mangilit, First Vice President of SB Corporation, Oscar V. Grapa, Chief Financial Officer of ANFLOCOR, and Barbara C. Untalan, Vice President of BPI Capital Corporation.
photo credit from ROGER M. BALANZA

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