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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 159 - REVERTING
TO THE PHILIPPINE PORTS AUTHORITY ITS CORPORATE AUTONOMY, ENSURING THE
RAPID DEVELOPMENT OF PORTS OR THE PORT SYSTEM DIRECTLY UNDER IT, AND
AUTHORIZING IT TO EXECUTE PORT PROJECTS UNDER ITS PORT PROGRAM
WHEREAS,
the Philippine Ports Authority was created to coordinate, streamline,
improve and optimize the planning, development, financing and operation
of ports or port system for the entire country;
WHEREAS, the Philippine Ports Authority has embarked on a ports
construction and development program funded mainly from its own
internally generated revenues as well as loans from foreign financial
institutions.
WHEREAS, there is a need to ensure and hasten the continuing growth and
development of the government ports directly administered and
maintained by the Philippine Ports Authority in order to cater to the
over-increasing needs of water-borne commerce, and to effectively serve
as vital links in the overall transport system in the country;
WHEREAS, certain laws issued by the past administration adversely
affected the coordinated programming, operations, financing and
budgetary requirements of ports or the port system under the Philippine
Ports Authority, and unduly jeopardized its corporate autonomy, all to
the detriment of public service.
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Done in the City of Manila,
this 13th of April in the year of Our Lord, nineteen hundred and
eighty-seven.
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