ICTSI: Subic open for more business
The Subic Bay Freeport Zone, the main hub for northern and central Luzon, was ready to accommodate more international trade, a unit of Enrique Razon Jr.-led International Container Terminal Services Inc. (ICTSI) said.
The freeport is the largest in the Philippines and is supported by ICTSI’s Subic Bay International Terminal Corporation (SBITC). Currently, it operates New Container Terminals (NCT) 1 and 2, which provide “cost-effective logistics solutions for foreign and local industries and the burgeoning tourism industry.”
“A lot of developments are happening now in Subic that provide immense business opportunities for [small and medium enterprises] especially in the northern and central Luzon region,” SBITC president Roberto Locsin said in a statement. “Companies looking to broaden their networks and connect with markets and suppliers anywhere in the country, or the world for that matter.”
The Subic Freeport, located in Olongapo, Zambales, offers logistics services, storage rooms, and business solutions ranging from big-bulk item and small cargo transportation to providing access to fully-managed exclusive industrial parks.
Subic’s port operator, SBITC, has terminals with a combined area of 28 hectares and an annual capacity of 600,000 twenty-foot equivalent units (TEUs) or the total number of container vans ships can carry in the terminal.
SBITC’s NTC-1 and 2 have a combined 11.14-hectare container yard with a modern fleet of mobile container handling units for moving and hauling duties.
Subic Freeport terminals can be accessed via the Subic-Clark-Tarlac Expressway (SCTEX) and, soon, through a planned new connector and bypass road running through Bataan and other parts of Luzon.
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