A study conducted by the International Finance Corporation (IFC) and the Development Bank of the Philippines (DBP) says no less than a world-class Sasa Port in Brgy. Sasa, Davao City is needed to meet the rapid growth of the country’s export demands over the next few years.
“With the Philippines being the 2nd-largest banana exporter in the world, and Davao being the top banana grower in the region, we need to pursue the long-term opportunities which will usher in inclusive growth in the south. Our project will generate jobs, boost the export industry, and drive consumer costs down,” Transportation and Communications Secretary Joseph Emilio Abaya said.
Modernization of the said port will bring about more vibrant trade boosting economic and social development across Mindanao. Exporters will have more efficient operations and importers will have better logistics. Shipping lines will have quicker turnaround times. Consumers will enjoy a wider range of imported products, Abaya explained.
The IFC-DBP study found that Davao Region’s container traffic is projected to increase by at least six percent (6%) annually over the next 25 years, which will amount to three million Twenty-Foot Equivalent Units (TEUs) by 2040.
DOTC’s Davao Sasa Port Modernization Project is the first Public-Private-Partnership (PPP) project is Mindanao. It is currently in the bidding process, with the submission of qualification documents scheduled on July 29.
Abaya traveled to Davao City Friday, July 10 to explain to stakeholders and to the public how the project will help the social and economic growth in the country and specially in Mindanao.