San Fernando seaport nets P50M, job gains
The Bases Conversion and Development Authority (BCDA) said on Saturday that the San Fernando International Seaport has posted P50 million in revenue and led to the creation of over 3,200 jobs as of last month following the interim takeover of its subsidiary.
The BCDA said its unit, Poro Point Management Corp. (PPMC), began managing the seaport in December 2024 as part of efforts to revive the underutilized facility within the Poro Point Freeport Zone and position it as a strategic logistics hub in Northern Luzon.
“This performance affirms the potential of San Fernando International Seaport as a vital logistics and investment hub,” BCDA President and Chief Executive Officer Joshua Bingcang said in a statement.
“As we continue to modernize our ports, we are opening more doors for trade, employment, and inclusive growth in the region,” he added.
The government-owned and controlled corporation said the earnings came from port leases, vessel and cargo fees, and government shares from port services.
It highlighted further that the rates are aligned with the Philippine Ports Authority (PPA) benchmarks to ensure competitiveness and regulatory compliance.
To support further growth, the BCDA said the PPMC has carried out major repairs and upgrades across the port estate since it took over.
Completed improvements include the refurbishment of port offices and basic facilities, replacement and repositioning of rubber fenders and concrete curbs, conversion of port lighting systems to LED, and upgrading of electrical lines at Piers 1 and 2.
