Subic Bay International Terminals Corp. (SBITC) and ICTSI Subic Inc. (ISI), both subsidiaries of International Container Terminal Services Inc. (ICTSI), have secured extensions of their operating concessions from the Subic Bay Metropolitan Authority (SBMA).
The concession extension will allow ICTSI units to manage and operate Subic’s New Container Terminals 1 and 2 (NCT-1 and NCT-2) until 2058.
The extension solidifies ICTSI’s long-term commitment to Subic Bay as a strategic logistics hub. Operated collectively under Subic Bay International Terminals, the two terminals are located within the Subic Bay Freeport Zone in Zambales.
As part of their renewed concession, Subic Bay International Terminals will invest over USD130 million in civil infrastructure and new cargo-handling equipment. The investment is expected to significantly boost terminal capabilities, operational efficiency, and annual container capacity—from 600,000 twenty-foot equivalent units (TEUs) to 1 million TEUs.
The expansion supports Subic Bay’s growing role in Philippine trade, especially for businesses in Northern and Central Luzon. The terminals provide direct access to major international shipping routes and are well connected to the country’s national highway network.
Subic Bay International Terminals serves as a critical logistics gateway for companies operating in the Subic and Clark Freeports, as well as nearby economic zones and provinces including Pampanga, Bataan, Tarlac, and La Union.
The extended concession and planned investments are expected to further enhance Subic’s competitiveness and position as a viable alternative to the congested Manila ports.
