 Subic Bay International Terminals Corp. (SBITC) and ICTSI Subic Inc. (ISI), subsidiaries of International Container Terminal Services Inc. (ICTSI), have been granted an extension of their respective concessions by the Subic Bay Metropolitan Authority (SBMA). These extensions will allow the continued operation and management of New Container Terminals 1 and 2 (NCT-1 and NCT-2) until 2058. SBITC and ISI (collectively known as "Subic Bay International Terminals") operate NCT-1 and NCT-2 within the Subic Bay Freeport Zone in Zambales, Philippines. As part of their Investment and Development Plan, Subic Bay International Terminals is set to invest over USD 130 million in civil infrastructure and additional equipment to enhance terminal capabilities and operational efficiency, and increase its combined annual capacity from 600,000 TEUs to 1 million TEUs.
Subic Bay International Terminals serves as a key gateway for trade in Northern and Central Luzon, offering direct access to major shipping routes and national highways. The terminals support a wide range of businesses operating in the Subic and Clark Freeports, nearby economic zones, and surrounding provinces including Pampanga, Bataan, Tarlac, and La Union, reinforcing its role as a vital logistics hub in the region. |
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