Republic of the Philippines

Public-Private Partnership Center

Redevelopment of the Port of Irene

Project Brief
Implementing Agency

Cagayan Economic Zone Authority (CEZA)

Project Description

The rehabilitation and development of the port is divided into two major components. The rehabilitation and upgrading of the existing facilities, including the extension of the existing pier shall be undertaken by the private sector while the construction of the 250-meter breakwater shall be chargeable to CEZA equity.

The rehabilitation and upgrading of the existing facilities have the following phases:

Phase I – immediate port upgrading including repairing, lengthening and widening of the existing berth; developing of a container yard; provision of cold storage facilities and general cargo warehousing.

Phase II – Construction of additional berths to accommodate up to 300,000 TEUs; expansion of the container yard area.

Phase III – Construction of additional berths to accommodate an incremental capacity of up to 200,000 TEUs; proportionate expansion of the container yard and acquisition of modern equipment for cargo handling and storage.

Project Cost

Php 3.2 Billion (USD 84 Million)

Procurement Mode

Unsolicited

PPP Structure

Build-Operate and Transfer (BOT)

Cooperation Period

25 years

Region

  • REGION II - CAGAYAN VALLEY

Sector

Transportation,Port

Private Proponent

Asia Pacific International Terminals, Incorporated

Status

Pre-construction