WHILE waiting for a new operator for the North Harbor, the Philippine Chamber of Commerce and Industry (PCCI) will help the Philippine Ports Authority (PPA) source needed funds to finance dredging at the port as well as the Pasig River.
“We have to link. The government has many projects but… they don’t have the fund as of now… what we’re trying to do is link up with our board council of advisers, as all of them are looking for a project to champion,” PCCI president Samuel Lim, at the sidelines of the recently concluded Philippine Business Conference.
The North Harbor dredging will allow the port to accommodate larger vessels while the Pasig River dredging is mainly for better flood control.
The PPA has deferred all action related to the privatization of the North Harbor. This is until the court case filed by joint venture partners Harbour Centre Port Terminals, Inc and Metro Pacific Investment Corp — so far only eligible bidder — is resolved.
