Manila North Harbor Port (MNHPI), a consortium of Metro Pacific Investments and Harbour Centre Ports Terminal, plans to invest PHP14.5bn ($324m) in a project to develop facilities to boost intraregional trade in the country.

The work involves the development of two terminals, the acquisition of heavy cargo and crane equipment and dredging operations

Privatisation of the port is expected to bring in PHP6.8bn ($151m) in revenues for the government.