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SUBIC BAY FREEPORT – A ₱4.135-billion multimodal logistics and transport hub will soon rise in this premier freeport as the Subic Bay Metropolitan Authority (SBMA) and the Subic Bay Freeport Grain Terminal Services, Inc. (SBFGTSI) agreed to partner for the construction of this project.
SBMA Senior Deputy Administrator for Business and Investment Renato Lee III and SBFGTSI Executive Vice President Lester Valdes recently signed the memorandum of agreement (MOA) at the SBMA corporate boardroom on May 28, 2025.
PARTNERSHIP Subic Bay Metropolitan Authority Senior Deputy Administrator for Business and Investment Renato Lee III and Subic Bay Freeport Grain Terminal Services, Inc. Executive Vice President Lester Valdes shake hands after signing the memorandum of agreement for the construction of the ₱4.135-billion multimodal logistics and transport hub SBMA corporate boardroom on May 29, 2025. SBMA PHOTO
Lee said the construction of the multimodal logistics and transport hub will integrate sections of San Bernardino Road within the Subic Port District and parts of the Subic Bay International Airport (SBIA).
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.
These developments include 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.
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The project, Lee said, can generate employment for around 800 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," Lee said.
SBMA Chairman and Administrator Eduardo Jose Aliño, meanwhile, said that Subic's port development program aligns with the Luzon Economic Corridor (LEC) Development initiative of President Ferdinand Marcos Jr.
Aliño also said that the development projects inside the Subic Bay Freeport Zone are part of the Build Better More program of the Marcos administration.
The projects are expected to be completed before the term of Marcos ends in 2028.
