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NEW PHILIPPINE CARGO TERMINAL MAY GENERATE ADDITIONAL INCOME.

AsiaPulse News

| February 04, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CEBU CITY, Feb 4 Asia Pulse - The Mactan-Cebu International Airport Authority (MCIAA) management is still studying the possible construction of a cargo terminal to boost its revenue.

Operations Manager Romeo Bersonda said that once a cargo terminal is established at Mactan airport, MCIAA could collect a fee of at least P1 (US$0.018) per kilo.

If the volume of cargo reaches 20 million kilos in a year, this means P20 million in additional income for MCIAA.

Bersonda said the MCIAA management is still studying whether the cargo terminal will be built using MCIAA funds or through a joint venture, built-operate- transfer (BOT) scheme, or simply via a lease.

Airport officials said that while a joint venture is good, a straight lease could be better, much like the Mactan Ecnomic Zone (MEZ) 2 at Basak, Lapu-Lapu City.

When the Philippine Air Force (PAF) turned over 100 hectares to MCIAA ...

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