Port of Subic Bay

Outline

After return from the American navy, for the purpose of being as a tractor of the Philippine economy, an old base area is developed as free trade zone. A glaring peculiar attraction of the port is its immediate availability in addition to its attractive feature of having a natural deep and sheltered harbor without need of a breakwater to serve vessels. Its development will enable the Philippines to become a major player in the fast growing international container market, while facilitating hinterland and local transshipments to promote local trade thus-contributing significantly to the country's overall economic growth. Including the port where a large aircraft carrier can come alongside, establishment such as an airport for the large machine, container yard, warehouses, petroleum tanks, residences and hospitals are ready, and re-development is going on around the function as a port in the total area of about 60,000ha. More than 200 companies, mainly Taiwanese enterprises, has already invested and/or decided to invest.