Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

SBMA makes bid for cruise lines to homeport vessels at Subic Bay

SBMA makes bid for cruise lines to homeport vessels at Subic Bay – BusinessWorld Online


      
      
      
      
      








SUBIC BAY METROPOLITAN AUTHORITY

THE Subic Bay Metropolitan Authority (SBMA) is looking into the possibility of building a new cruise terminal capable of accommodating ships that designate Subic Bay as their home port.

The new facility will be done in two phases: construction of the jetty and reclamation of the land for the passenger terminal and leisure and commercial area.

Estimated to cost P1.2 billion, the first phase covers the construction of a double berth 380- and 350-meter jetty with a water depth of 12 meters.

The timeline for the initial phase is 2027 to 2028.

Meanwhile, the second phase, which is estimated to cost around P8.96 billion, covers the reclamation of a 20-hectare area.

It will also include the construction of a passenger terminal, an area for cruise-related businesses, a public park and esplanade, an amusement park, and shopping and dining centers.

“This is a conceptual plan. The Philippines has no dedicated cruise ship terminal, and Subic Bay would like to take the lead in developing this cruise terminal,” according to Ronnie R. Yambao, senior deputy administrator for operations at SBMA.

The port received the maiden visit of the Villa Vie Odyssey in September, with 650 passengers visiting destinations within the free port.

The SBMA has said that the Subic Bay Freeport, along with Hermosa, Bataan, is also being considered for connecting to the proposed Subic-Clark-Manila-Batangas Railway.

Estimated to cost P1.8 billion, the link will involve the creation of an eight-kilometer access road that will run from Hermosa to Subic Freeport’s Naval Supply Depot. — Justine Irish D. Tabile

CEDTyClea





    You May Also Like

    Finance

    The Stephen Lawrence Day Foundation (SLDF) and the Institute of Directors (IoD) have joined forces to launch a groundbreaking scholarship programme aimed at accelerating...

    Stock Markets

    Bill grants greater investigative powers for Ombudsman – BusinessWorld Online                                    ...

    Stock Markets

    STOCK PHOTO | Image from Freepik A BILL mandating refunds for consumers hit by internet connectivity disruptions was filed at the House of Representatives, in...

    Stock Markets

    PHILIPPINE STAR/NOEL B. PABALATE PRESIDENT Ferdinand R. Marcos, Jr. said the Philippines will play a prominent role in regional trade and investment networks as...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.