The Philippine Ports Authority (PPA) is eyeing a significant increase in leases, port dues, and wharfage fees once Pilipinas Shell Petroleum Corp.’s P6 billion investment near Cagayan de Oro port is completed in 2016.

As quoted in a news article, Shell plans to convert its facility into an “airport-like facility” and refurbish its crane facility into a MR import capable facility. The company also wants continued access to berths 11 and 13 of Cagayan de Oro Port with a long-term lease proposal for a huge area in the waterfront area for its pipeline system.

Read more HERE.

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