malaysiang
MANILA: The Asian Terminal, Inc. (ATI) and Dubai-based logistics firm DP World target to turn a newly registered economic zone in Cavite into a smart and world-class facility.
This, as ATI and DP World inaugurated on Thursday the Tanza Container Terminal Inc. (TCTI) located inside the MetroCas Industrial Estates – Special Economic Zone (MIE-SEZ) in Barangay Calibuyo in Tanza, Cavite.
‘(T)he four-hectare facility features a concrete container yard, docking facilities with harbor cranes supported by reach-stackers, loaders, and internal transfer vehicles among other necessary equipment,’ the Philippine Economic Zone Authority (PEZA) shared in its statement Thursday.
‘TCTI will be directly linked to the Manila South Harbor through barges, which increases the efficiency of container transfers and reducing land traffic in the region,’ it added.
PEZA told reporters in a Viber message that the TCTI costs PHP2 billion and has an annual capacity of 100,000 twenty-foot equivalent units (TEUs) and a static capacity
of 2,500 TEUs.
With ATI and DP World’s project inside the MIE-SEZ, the ecozone’s developer MetroCas Properties, Inc. eyes the facility to be a self-sustaining ecozone, having a self-use port facility and a township project.
PEZA and MetroCas signed the registration agreement last April 17, with the latter eyeing to invest PHP500 million to develop the MIE-SEZ.
‘With this registration agreement signing comes the fruition of innovative and exemplary ideas of MetroCas Properties Inc., as well as technological advancements dedicated to bringing forth waves of economic growth and development for the country,’ PEZA Director General Tereso Panga said.
Source: Philippines News Agency
