SUBIC BAY FREEPORT ZONE — Subic Bay Metropolitan Authority (SBMA) bared a number of ongoing infrastructure projects inside the Freeport Zone.
“Several rehabilitation projects including repair of roads and other facilities have been started and some are ongoing. This is a first time for Subic ever since its establishment as a freeport zone in 1992,” SBMA Chairperson and Administrator Wilma T. Eisma said during the recent Subic-Clark Development Stakeholders’ Roadshow.
Among the works funded in 2018 with total amount of Php299 million include repair of roads at Waterfront Road, New Container Terminal (NCT), Rizal Highway, Maritan Highway and roads in residential areas. Also, improvements at the Malawaan Park area and road ramp along Dewey Avenue.
Moreover, Php253 million has been earmarked for repairs along main roads this 2019.
Other approved projects include Naval Supply Depot Road Network- Php64 million, new traffic control system at Manila-Dewey Intersection-Php5.5-million, and upgrade to video managed ready area traffic controller at Tipo-Rizal, Mantan-Argonaut, NCT-Argonaut and Dewey-Kalaklan Intersections- Php7 million.
“These projects will improve business operations and attract potential locators for investment and expansion,” she added.
With the help of the Department of Budget and Management, SBMA will also procure new navigational facilities for its seaport and airport.
Eisma urged Filipino entrepreneurs to invest their resources to further explore what is in store for Subic’s developments and progress for 2019 and beyond.
Projects in the pipeline include the Subic Bay Freeport Grain Terminal, Redondo Industrial Park Development and the SBMA Waterfront Reclamation Area.