BOX TERMINAL WOULD BE BIGGEST IN PHILIPPINES

BOX TERMINAL WOULD BE BIGGEST IN PHILIPPINES

A plan to build what would be the Philippines' largest containerport terminal is on the drawing board, according to F.F. Cruz, one of the country's largest construction firms.

Negotiations with Kawasaki Heavy Industries and Marubeni Corp. to build the containerport terminal on Manila Bay are expected to be concluded by December, said Felipe Cruz, president of F.F. Cruz.The project is expected to cost 6 billion pesos ($212 million). The new port terminal will be designed to service vessels capable of handling 100,000- metric-ton loads.

No Philippine seaport currently can service container vessels with 100,000- metric-ton loads, according F.F. Cruz. The largest existing container terminal, which is in North Harbor, Manila Bay, can only service vessels with up to 20,000-metric-ton loads, according to the International Container Terminal Services.

Mr. Cruz said the project will require foreign funding.