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New P3-B port rising in Bataan

he tandem of Filipino-owned Seasia Logistic Philippines Inc. and London-based Nectar Group Ltd. expects to complete the first phase of a P3-billion development port project in Bataan. Seasia president Rafael Cosme said in an interview with The STAR that phase 1 of the port development project of Seasia Nectar Port Services Inc. (SNPSI) worth P1.2 billion, covering 5.9 hectares would be completed within the year. Cosme said the port facility could accommodate two supramax vessels about 120 meters long and would be equipped with a 247-meter quay that could handle a capacity of at least three million tons per year. Phase 1 would have an operational area of 3.2 hectares as well as truck holding area of 2.7 hectares. SNPSI is 60 percent owned by Seasia Logistics and 40 percent by the Nectar Group. The planned dry bulk terminal is designed to handle shipment of coal, clinker, silica sand and other cement raw materials, steel, fertilizer and other dry bulk cargo. Business ( Article MRec ), pagematch: 1, sectionmatch: 1