Sunday, 2 May 2010

Subic-Clark Corridor on track to grab share of trillion-dollar Asian logistics market

CLARK FREEPORT ZONE, Pampanga (PND) – The Subic-Clark Corridor is on track to grab market share in the growing $1-trillion Asia-Pacific international logistics industry.

This was the assessment made by the public and private sectors at the ''Retrospective Forum on the Subic-Clark Logistics Corridor: Milestones and Prospects'' held today with President Gloria Macapagal Arroyo as principal guest at the Grand Ballroom of the Holiday Inn Hotel here.

Dennis Wright, Chief Executive Officer of the Peregrine/Global Gateway Logistics Center, cited President Arroyo, for her efforts to transform Subic and Clark from ''a shadow of decadence'' to a vibrant activity center.

Peregrine Development International is the site developer of the 167-hectare multi-billion-dollar logistics hub Global Gateway Logistics Center in Clark financed by Kuwait Gulf Links.

''So much has been achieved towards creating a world-class services and logistics hub from a grim scenario with the US pullout of the (military) bases, the devastation wrought by Mt. Pinatubo and two financial crisis in 1997 and 2009. It is no easy task for any government, not even the US, to transform two military bases into commercial application,'' Wright said.

Wright said this was realized because the President is an economist and a leader.

Wright also cited the Subic-Clark Alliance for Development Council (SCADC), the Bases Conversion Development Authority (BCDA), Subic Bay Metropolitan Authority (SBMA), and Clark Development Corp. (CDC), which “have worked hard with a vision that has brought about this wonderful story.''

He said investments in vital infrastructure projects such as the Subic-Clark-Tarlac Expressway (SCTEX), Diosdado Macapagal International Airport (DMIA), Port of Subic Bay, Dingalan Road, among others, have created a seamless movement of goods and people to and from Subic and Clark.

Because of increased investments, combined new jobs generated so far total 160,000.

To prop up the increased economic activity in Subic and Clark, Wright said the next administration taking over in July should continue to provide political and economic stability and well as favor professional managers over political appointments.

Wright said the private sector also sees the need for more harmonization of customs, internal revenue and immigration bureaus as well as the elimination of jeepney traffic; the expansion of DMIA and more flights; the completion of the NorthRail and other high speedrails that connect the logistics hub to Metro Manila and other industrial centers; new modern bus terminals; more clean, steady and reliable power; expansion of SCTEX, a new east-west expressway and secondary infrastructure.

''We need to continue the vision President Arroyo has set in place for Subic and Clark,'' he said.

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