The Philippine government has approved a project to build the New Cebu International Container Port.
Construction works on the new facility, which is expected to cost approximately 9.2bn Philippine pesos (US$185m), are expected to start in the third quarter of 2017 with completion scheduled for the second quarter of 2020.
The new port, which is set to have a capacity of 500,000 teu, will be located at Barangay Tayud, Consolacion, approximately five miles from the existing Cebu Port Authority (CPA) terminal.
The new facility is expected to be funded by the national government together with the government of South Korea.
CPA is reportedly handling much more than its nominal capacity of 250,000 teu per year and has no room to expand within its port area.
With a deeper harbour of 45 ft and a capacity two times CPA’s, the new facility is expected to provide a long-term solution to the congestion at the existing port.
In an attempt to reduce congestion and accommodate port traffic, the regional government also approved a new bypass road.