The British company involved in a joint venture (JV) building a terminal in Bataan in the Philippines has confirmed it expects the new facility to launch in early 2016.
Seasia Nectar Port Services Inc. (SNPSI), a JV between Seasia Logistics Philippines Inc. and the UK’s Nectar Group Ltd, has started the construction of a PHP813 million (USD18.5 million) dry bulk terminal in Bataan.
“[The] current schedule is for phase 1 to be operational from the first quarter of 2016,” an official of the Nectar Group told IHS Maritime in an email.
“There are planned timeframes for the other two phases but they are dependent on how well the first phase operates,” the official added.
The new dry bulk terminal is designed to handle shipments of coal, clinker, silica sand along with cement raw materials, steel, fertilizer, and other dry bulk cargo, according to Nectar’s newsletter.
Construction of the terminal will be completed in three phases covering 11.4 hectares. The first phase covers the development of the port facility with a 247 m quay and a 14 m draft.
Once completed in 2016, the terminal will have a capacity to handle at least 3 million tonnes of cargo annually.
“Currently this is the only port development we have planned for the Philippines,” the official added.
In addition to quayside and open storage areas, SNPSI will also be building facilities for warehousing, stevedoring, lightering, and other services.
This post was sourced from IHS Maritime 360: View the original article here.
