Olongapo SubicBay BatangGapo Newscenter

Wednesday, October 04, 2006

Hanjin to lease 100 hectares more

For its Subic shipbuilding facility

Hanjin to lease 100 hectares more


Korea’s shipbuilder Hanjin Heavy Industries and Construction Co. (HHIC) is leasing an additional 100 hectares in Subic Bay Freeport to complete its intended 500-hectare complex in Subic that would complement its billion shipbuilding facility.

Subic Bay Metropolitan Authority (SBMA) administrator and chief executive officer Armand C. Arreza said the additional 100 hectares, which is up for approval by the SBMA Board, would house the training center, support facilities and water treatment substation.

Hanjin was originally granted 100-hectare lot for the first phase of its shipbuilding project and 240 hectares for its second phase with a provision to expand by another 150 hectares.

"Eventually, Hanjin would have leased a total of 500-hectares in Subic," Arreza said.

According to Arreza, Hanjin is now hiring 200 welders a month but the ongoing construction of the facility is employing 1,000 workers.

"It has received 12 orders already with the first boat slated for delivery by 2008," Arreza said.

For the 12 boats alone, Arreza said, Hanjin would need 3,000 welders.

The Hanjin project is expected to generate more than 30,000 direct and indirect job opportunities and would put the Philippines in the map of shipbuilding industry.

The government has already allotted P600 million for the construction of a new road in Agusuhin in Subic to the Castillejos town, thereby allowing a two-way access point.


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