SUBIC BAY FREEPORT – A ₱4.135-billion multi-modal logistics and transport hub is set to be built in this freeport through the partnership of the Subic Bay Metropolitan Authority and the Subic Bay Freeport Grain Terminal Services, Inc. (SBFGTSI).
SBNA senior deputy administrator for business and investment Renato Lee III and SBFGTSI executive vice president Lester C. Valdes signed the lease contracts and amendment to the existing contracts at the SBMA Corporate Boardroom on May 28.
Lee said the construction of the multi-modal logistics and transport hub will integrate sections of San Bernardino Road within the Subic Port District and parts of the Subic Bay International Airport.
The committed investment for the proposed development of these areas includes P660 million for Lot 4, P1.8 billion for Lot 5, P801 million for Lot 6, P20 million for Lot 7, and P854 million for Lot 8, Lee added.
Included in these developments are a petroleum tank farm, grain storage, an airport logistics hub, dry storage and warehouse facilities, cold storage areas, a commercial and hospitality hub for cruise ships, and a new wharf for ultra-large cruise ships.
The project is seen to generate employment for 798 workers.
“This is a huge step for Subic Bay Freeport as it reaches its goal to have a more modern air and seaport which are expected to boost the port’s capacity, increase competitiveness, and generate more revenue,” enthused Lee.
According to SBMA chairman and administrator Eduardo Jose Aliño, Subic’s port development program aligns with the Luzon Economic Corridor Development initiative of President Ferdinand Marcos Jr., whose projects are expected to be completed by the end of his term in 2028.
He also cited that these development projects inside the Subic Bay Freeport zone are part of the “Build Better More” project of the Marcos administration. Press release
