ASIAN Terminals, Inc. (ATI) finally signed last week the 25-year management and operations contract to operate Batangas Port’s A1 container terminal.
ATI also operates phase I or the port’s domestic terminal.
Under the contract, the Philippine Ports Authority (PPA) stands to earn $190 million in the next 25 years on top of the $124-million fixed fee ATI has already paid and the variable fee of at least $64 million.
“With the contract already signed, ATI can take over immediately,” PPA general manager Atty Oscar Sevilla said at the sidelines of the Asia-Pacific Port Service Network Conference last week.
The ASPN is one of the channels used by PPA to market Batangas Port internationally.
