SUBIC BAY FREEPORT – The Subic Bay Metropolitan Authority (SBMA) said it will establish Subic as a regional development center in Southeast Asia in the next 20 years.
The move would also spur the development of municipalities around the freeport, SBMA Administrator Armand Arreza said.
“Our big long-term goal would be to transform the greater Subic Bay area into a First World eco-urban center in 20 years,” said Arreza. He said that the project is expected to bring significant investment, financial, and business opportunities.
“It would also complement Clark Freeport in our common posturing as the new catalyst for growth in the Mega Luzon area,” said Arreza.
The plan has identified various development modules for government and private funding to include commercial areas in downtown Olongapo and Subic’s Gateway District; integrated resorts in Olongapo, Morong, Bataan and Subic, Zambales; industrial estates in Hermosa, Bataan and Castillejos, Zambales; and information technology (IT) parks at the Tipo area, also in Hermosa.
The plan also calls for development of an integrated port and logistics area, a medical city in Cubi, an education city, additional housing areas at the El Kabayo area and in Tipo, and a shipbuilding center at the Redondo Peninsula.