Infrastructure development in ports nationwide would continue to accelerate in the coming months, as the Philippine Ports Authority (PPA) gears toward the completion of another 19 seaport projects before the end of 2023, adding up to the 30 seaport projects already completed during the first year of President Ferdinand R.…
Infrastructure development in ports nationwide would continue to accelerate in the coming months, as the Philippine Ports Authority gears toward the completion of another 19 seaport projects before the end of 2023, adding up to the 30 seaport projects already completed during the first year of President Ferdinand R. Marcos Jr.
PPA’s 19 seaport infrastructure projects to be completed by December this year include eleven projects in Luzon, four in Visayas and four in Mindanao ranging from the construction and rehabilitation of back-up areas, breakwaters, RoRo ramps and RC Piers, among others. The public can also expect convenience and experience improved cargo handling with the upgrading of the general cargo berth at the Port of Sasa in Davao City amounting to P902 million, which is the highest funded project among the 19 to be completed before the year ends; followed by the P693 million construction of wharf and port operational area with continuous RoRo ramp at the Port of Catagbacan in Bohol; also set to be completed is the construction of the country’s first dedicated cruise...
“We remain optimistic that we are continuously evolving to be at par with countries observing the highest level of port standards around the world, we already made it as one of the strongest ports in Southeast Asia as of 2023. Here in PPA, we continue to participate in economic globalization by advancing infrastructure development through building high quality ports,” said PPA General Manager Jay Santiago.
As a manifestation of its sound fiscal management and responsible use of financial resources, PPA recorded a 23.18 percent increase of net income in the first half of 2023 amounting to P6.9 billion compared to P5.0 billion income for the same period in 2022. A record of more or less 12 percent increase of budget utilization every year has been a trend for PPA since 2016 with its highest budget utilization rate of 83 pecent last year.
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