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Article: United States : Subic free port gets $10-M projects in Q3.
- Article from:
- TendersInfo
- Article date:
- November 11, 2009
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Byline: sanjayV03
More companies involved in the storage, transshipment and transport of goods have established operations in this free port in the third quarter, putting up projects worth a total of $9.98 million in projected investments.
The investments in logistics comprised almost half the $20.45-million pledges for the 44 projects approved by the Subic Bay Metropolitan Authority (SBMA) in that period.
A report from the SBMA business and investment group indicated that at least six firms engaged in logistics services set up projects here from August to September, as authorities intensified efforts to market Subic as a center for shipping ...