The Cagayan de Oro Port served as the entry port of Northern Mindanao, which mainly handled cargo's of the nearby PHIVIDEC industrial park (where Japanese companies are also located). Due to the overcrowding of the Port, however, ships were forced to wait off- shore for a longer period of time and logistics and transportation in the area had become inefficient.
In response,the Mindanao Container Terminal was completed in 2004 within the PHIVIDEC industrial park supported by an ODA Loan, in order to resolve the congestion of the Cagayan de Oro Port and promote smooth logistics and transportation. Since the Terminal’s completion, the volume of imported container cargo increased by 3.3 times, while the volume of exported container cargo increased by 28% from 2008 to 2009. To meet the increasing demand, maritime freight forwarders with offices at the terminal increased from 7 companies (as of the commencement of the Terminal’s operation in 2004) to 19 companies (as of 2010). This contributed to establishing an active logistics network in the area and to the improvement of the business environment for local companies.
|Source Institution||Japan International Cooperation Agency|
|Place of Publication||Manila|
|Original Publication Date|