DAVAO CITY—The Anflocor Group of Companies, which is owned by the Floirendo family, announced that it would build a P2.7-billion international container terminal in Panabo City in Davao del Norte.
Alexander Valoria, Anflocor president and chief executive officer, said the company had finalized a deal with Aboitiz Construction last week for the project, which will rise on what used to be the wharf of Tagum Development Corp., a banana firm also owned by Anflocor.
“We are bullish that this project will catalyze the economic development of the region by enhancing globe trade through the construction of the modern container port facility,” Valoria said in a statement emailed to the Inquirer on Thursday.
He said Anflocor planned to start operating the terminal by the first quarter of 2013 with construction scheduled to start in the first quarter of 2012.
“This project is seen to create faster turnaround time of vessels, orderly ingress and egress resulting in faster turnaround of delivery trucks, reliable plug-in facilities for reefer cargo, and the capacity to accommodate larger vessels due to its deep draft,” Valoria said.
Anflocor projects that the container terminal will generate investments and more job opportunities, he said.