Philippines approves new Cebu port project
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.
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