Close  

Chelsea expects to get original proponent status for Sasa Port bid soon

/ 05:24 AM January 04, 2019

Businessman Dennis A. Uy’s Chelsea Logistics Holdings Corp. has submitted all requirements related to its P11.2-billion proposal to develop and operate the Sasa Port in Davao City.

Chryss Alfonsus V. Damuy, president and CEO of Chelsea Logistics, said in a text message that a “review” was concluded with the Philippine Ports Authority (PPA) in late 2018.

ADVERTISEMENT

“We are looking to get OPS (original proponent status) anytime soon if our offer will meet the PPA requirements,” Damuy said.

An OPS grants a company a big advantage in a Swiss Challenge, which is mandated for unsolicited offers such as Chelsea’s proposal to modernize the Sasa Port.

FEATURED STORIES

Chelsea Logistics had also won in 2018 an OPS for its P49-billion offer to develop and operate the Davao International Airport, the country’s third-busiest.

Damuy said Chelsea Logistics was currently focused on the two projects. However, he added, the company remained on the lookout for other projects.

Chelsea Logistics is part of Udenna Corp., Uy’s main holding company which has embarked on a massive debt-fueled expansion binge over the last two years.

Like Chelsea Logistics, Udenna is also expanding into transport infrastructure. It won OPS for a monorail system in Davao and separately proposed to build a light rail system in Cebu.

Both Chelsea and Udenna joined forces with state-backed China Telecom to win the third telco selection process last November. Their consortium committed to invest at least P257 billion over five years in establishing a nationwide mobile network.

As of 2018, the Public Private Partnership Center announced that there were 17 unsolicited offers valued at P1.4 trillion in the pipeline.

The projects included the P735-billion offer of San Miguel Corp. (SMC) to build a brand-new airport along the Bulacan coastline and a P102-billion proposal by seven of the country’s biggest conglomerates to expand and upgrade Manila’s Ninoy Aquino International Airport.

ADVERTISEMENT

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Chelsea Logistics Holdings Corp., Chryss Alfonsus V. Damuy, Dennis A. Uy, Sasa port
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.