THE Phividec Industrial Authority will re-bid the operation and management of Mindanao Container Terminal Port (MCTP) in Misamis Oriental as the initial exercise only had one qualified bidder – Asian Terminals, Inc. (ATI).
The contract involves management and operation of the MCTP for a period of 20 to 25 years.
The P4.4-billion Mindanao Container Terminal Project will handle both international and domestic volume. The terminal will have an annual capacity of 270,000 TEUs and a draft of 12 meters to accommodate post-panamax vessels.
