SBMA supports call to utilize Subic port | mb.com.ph | Philippine News
Home  » Business » Shipping » SBMA supports call to utilize Subic port

SBMA supports call to utilize Subic port

Hauling trucks and reach stackers move some of the container vans in Subic Bay Freeport at the New Container Terminal 1 in Subic Bay Freeport. (MB file photo)

Hauling trucks and reach stackers move some of the container vans in Subic Bay Freeport at the New Container Terminal 1 in Subic Bay Freeport. (MB file photo)

Subic Bay Metropolitan Authority (SBMA) yesterday said it supports House of Representative speaker Pantaleon Alvarez’s recommendation to utilize the port in Central Luzon.

SBMA Chair Martin Diño, said the proposed plan is highly beneficial to the country’s economy because it will increase business activities in the Northern regions of Luzon.

“Efficient trading boosts business growth and where there are thriving businesses; there are job opportunities,” Diño said in a statement.

Diño noted that more than 30 million Filipinos will benefit from the proposed utilization plan, providing jobs to several regions in the country.

He mentioned that among the fastest growing regions in the country is the Central Luzon where infrastructure projects have been put in place and investors are flocking in.

“The roads leading to and from Central Luzon is in place, labor costs are attractive, utility prices are lower than other cities; it is a good place to do business,” he said.

Diño also mentioned that there is an efficient port waiting in Subic Bay that can cater to businesses at the shortest turnaround time possible.

“The port in Subic can hold 600,000 TEUs (twenty-foot equivalent unit) but it can also handle FEUs (forty-foot equivalent units),” he said.

“Imagine, in just four hours your goods are already enroute to its destination,” Diño added.

According to the SBMA chair, doing business in Subic is like doing business in Manila only that travel time is cut short and roads leading to destinations are more favourable for truckers.

“You have the NLEX, SCTEX, and well paved diversion roads that assure on-time delivery of goods and services. And for businesses, time is a very important resource for investors,” he noted.

Diño said the SBMA is waiting for the approval of the proposed infrastructure projects pitched by the agency to the National Economic and Development Authority to fully harness the potential of the region.