Manila North Harbor Port Inc., a joint venture between Metro Pacific Investment Corp. (MPI.PH) and Harbor Center Inc. will formally assume management of Manila North Harbor, the country's main domestic port, on Feb. 15, reports Down Jones. The turnover, originally scheduled for last week, has been postponed, following reported opposition from ship liners, cargo handlers and labor groups. Manila North Harbor Port received notice of the turnover postponement from the Philippine Ports Authority, the government agency in charge of Manila North Harbor, Metro Pacific said in a statement to the stock exchange Monday. The joint venture obtained in October the right to operate and manage Manila North Harbor, the country's busiest domestic port, for 25 years, after submitting a bid of PHP14.5 billion ($315.2 million).
