The Bases Conversion and Development Authority (BCDA), led by President and CEO Joshua M. Bingcang, has signed a contract agreement with the Public-Private Partnership (PPP) Center of the Philippines and the joint venture of Isla Lipana & Co. (PwC Philippines) and Cabrera & Co. to provide project preparation and transaction advisory services for the modernization of the Poro Point Seaport.
This partnership marks a significant milestone toward the complete redevelopment of the San Fernando International Seaport into a modern, fully containerized, world-class maritime gateway—a transformation set to strengthen trade, streamline logistics, and unlock economic opportunities across Northern Luzon.
The project will upgrade the existing bulk and break-bulk terminal into an efficient, state-of-the-art maritime hub through:
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Advanced Terminal Systems: Implementing smart operational software and tracking systems to speed up container turnaround times.
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Modern Cargo-Handling Equipment: Upgrading port machinery to expand capacity and ensure safe, high-volume handling.
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Upgraded Logistics Infrastructure: Seamlessly integrating Poro Point into the country’s expanding network of trade routes and economic corridors.
BCDA targets the start of construction in Q2 2027, with overall completion expected by 2029.
Anchored on President Ferdinand R. Marcos Jr.’s Build Better More program, the project reinforces the national administration’s commitment to building globally competitive infrastructure that boosts regional connectivity, attracts foreign direct investment, and drives inclusive growth.
“The modernization of Poro Point Seaport will redefine Northern Luzon’s role in Philippine logistics, positioning it as a vital link in national and international trade networks.”
The official signing ceremony brought together key government and industry leaders, including:
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Rizza Blanco Latorre, Executive Director, PPP Center
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Eleazar E. Ricote, Deputy Executive Director, PPP Center
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Mary Jade T. Roxas-Divinagracia, Managing Partner, PwC Philippines
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Servillano C. Flores Jr., President and CEO, Poro Point Management Corp.
