SIGNING CEREMONY. Gracing the signing ceremony for the loan facility for Davao International Container Terminal are (seated l-r) Ricardo R. Floirendo, Senior Vice President of ANFLOCOR, Alberto S. Villarosa, President of SB Corporation, Antonio Floirendo, Jr., Vice Chairman of ANFLOCOR, Aurelio R. Montinola III, President of BPI, Vincent R. Floirendo, Vice President of ANFLOCOR, Cecilia L. Tan, President of BPI Capital Corporation, (standing l-r) Luis Martin E. Villalon, Director of SB Capital Investment Corporation, Federico C. Galang III, Executive Director of SB Capital Investment Corporation, Victor Q. Garcia, Vice President of BPI, Loretta G. Mangilit, First Vice President of SB Corporation, Oscar V. Grapa, Chief Financial Officer of ANFLOCOR, and Barbara C. Untalan, Vice President of BPI Capital Corporation.
BY ROGER M. BALANZA
With its state-of-the-art facility, the proposed P2.7 billion Davao International Container Terminal (DICT) in Panabo City, Davao del Norte was expected to raise to a higher level Davao’s image as a major port in Mindanao.
Groundbreaking rites were held last week for the single biggest investment in Davao del Norte, a project of the Anflocor Group of Companies of Don Antonio Floirendo.
Anflocor, anchored by Tagum Development Corporation (Tadeco), built its wealth as a pioneering Cavendish banana producer and exporter. It has gone into real estate and property development with the Panabo City terminal as its latest project, the second biggest after the P8 billion Abreeza Complex in Davao City in tandem with Ayala Land.
The terminal would be in operation before end of 2013, said Alexander Valoria, Anflocor president and chief executive officer.
“We are certain that this project will definitely support the growth of the export and import sector and the economy of the entire region as a whole. This is a milestone to mark the beginning of a new age for international trade in Mindanao,” said Valoria.
To explain the capability of the terminal, Valoria said the DICT can accommodate giant shipS like Panamax-type vessels.
Panamax ships are vessels designed to fit in the Panama canal’s locks–hence the name, denoting that they both maximize the freight transported through the canal, and that they are the biggest ships able to pass through.
Anflocor’s Anflo Management and Investment Corporation and San Vicente Terminal and Brokerage Services Inc. secured funding for the huge project from Bank of the Philippine Islands (BPI) and Security Bank.