Subic port modernization finished
First phase of Subic port modernization finished; GMA to lead inauguration rites
SUBIC BAY FREEPORT — President Arroyo will inaugurate next week the first phase of the 5-million Subic port modernization, a flagship infrastructure project of the national government, which is expcted to boost efforts to transform this premier Freeport into a regional logistic hub.
The completed New Container Terminal 1 (NCT 1) is part of President Arroyo’s 10-point agenda which includes the development of Subic Bay and Clark Freeport Zones into competitive international service and logistics centers in the Asia-Pacific Region.
This is intended to spur economic growth in the area and promote these growth corridors as the most viable regional logistics hubs.
While the Diosdado Macapagal International Airport (DMIA) in Clark is being prepared to accommodate more local and international flights, the Subic port is being developed into a world class seaport facility.
The implementation of the entire port modernization project, which is being funded by the Japan Bank for International Cooperation (JBIC), was designed to make the Subic seaport a major container port in the country.
"With the completion of NCT 1, our port facility can now accommodate Panamax vessels, thus augmenting the cargo volume and handling capacity of the Subic Bay Freeport," SBMA Chairman Feliciano G. Salonga said.
He said that the alliance between Subic Bay and Clark is part of the longterm master plan for the construction of the 5-million Subic-Clark toll road, and the 5 port modernization program, both funded with a special loan package from JBIC.
"Both major infrastructure projects will spur more economic activities in the hinter lands that will generate employment opportunities throughout Central Luzon," Salonga said.
The construction of the port modernization project commenced in 2004. It is being implemented by Penta Ocean Corp., with its partners Shimizu Corp. and TOA Corp. through a joint venture.
It entailed the installation of four gantry cranes from Japan, two of which were installed in May 2006, and the other two in March 2007. This will eventually position the Subic port as a world-class maritime hub.
The acquisition of a new goose necktype quay gantry cranes with a capacity of 40.6 tons rated load each is also part of a bigger plan of the Arroyo government for the Subic port to enhance its capacity from the present 100,000 TEUs to at least 600,000 TEUs.
Each of the container terminals was installed with two gantry cranes. Also included in the package are the construction of the modern container terminals, and the two berths measuring 280 meters in length with a depth of 13 meters.
SBMA Administrator Armand C. Arreza said that the completion of the first phase of the port modernization project will also accelerate the completion of other projects being implemented in the Subic Bay Freeport such as the 1.684billion Hanjin shipbuilding facility.
By JONAS REYES - Manila Bulletin
SUBIC BAY FREEPORT — President Arroyo will inaugurate next week the first phase of the 5-million Subic port modernization, a flagship infrastructure project of the national government, which is expcted to boost efforts to transform this premier Freeport into a regional logistic hub.
The completed New Container Terminal 1 (NCT 1) is part of President Arroyo’s 10-point agenda which includes the development of Subic Bay and Clark Freeport Zones into competitive international service and logistics centers in the Asia-Pacific Region.
This is intended to spur economic growth in the area and promote these growth corridors as the most viable regional logistics hubs.
While the Diosdado Macapagal International Airport (DMIA) in Clark is being prepared to accommodate more local and international flights, the Subic port is being developed into a world class seaport facility.
The implementation of the entire port modernization project, which is being funded by the Japan Bank for International Cooperation (JBIC), was designed to make the Subic seaport a major container port in the country.
"With the completion of NCT 1, our port facility can now accommodate Panamax vessels, thus augmenting the cargo volume and handling capacity of the Subic Bay Freeport," SBMA Chairman Feliciano G. Salonga said.
He said that the alliance between Subic Bay and Clark is part of the longterm master plan for the construction of the 5-million Subic-Clark toll road, and the 5 port modernization program, both funded with a special loan package from JBIC.
"Both major infrastructure projects will spur more economic activities in the hinter lands that will generate employment opportunities throughout Central Luzon," Salonga said.
The construction of the port modernization project commenced in 2004. It is being implemented by Penta Ocean Corp., with its partners Shimizu Corp. and TOA Corp. through a joint venture.
It entailed the installation of four gantry cranes from Japan, two of which were installed in May 2006, and the other two in March 2007. This will eventually position the Subic port as a world-class maritime hub.
The acquisition of a new goose necktype quay gantry cranes with a capacity of 40.6 tons rated load each is also part of a bigger plan of the Arroyo government for the Subic port to enhance its capacity from the present 100,000 TEUs to at least 600,000 TEUs.
Each of the container terminals was installed with two gantry cranes. Also included in the package are the construction of the modern container terminals, and the two berths measuring 280 meters in length with a depth of 13 meters.
SBMA Administrator Armand C. Arreza said that the completion of the first phase of the port modernization project will also accelerate the completion of other projects being implemented in the Subic Bay Freeport such as the 1.684billion Hanjin shipbuilding facility.
By JONAS REYES - Manila Bulletin
Labels: arreza, container terninal, inauguration, nct1, Subic Freeport, subic port
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