The Bases Conversion and Development Authority (BCDA) has teamed up with the Public-Private Partnership (PPP) Center for the redevelopment of the San Fernando International Seaport in Poro Point in La Union.
In a statement on Wednesday, BCDA said the port project has been given PHP74.9 million provisional funding under the Project Development and Monitoring Facility (PDMF), which will be utilized for feasibility studies, market analysis, legal and financial structuring, PPP transaction support, and other related expenses.
“The full redevelopment and modernization of the San Fernando International Seaport in Poro Point aims to transform the current bulk and break-bulk terminal into a world-class seaport equipped with modern port infrastructure and logistics systems,” it said.
“Northern Luzon has long been underserved by modern port infrastructure, limiting its ability to fully participate in global trade flows. This project is designed to change that by enabling full containerization, streamlining logistics, and anchoring regional industries to more competitive supply chains. It is a critical step in realizing Poro Point’s vision as a strategic economic gateway for Northern Luzon,” BCDA President and Chief Executive Officer engineer Joshua Bingcang said.
BCDA aims to start construction activities in the second quarter of 2027 and complete the project by 2029.
“Once operational, the upgraded seaport will support regional industries in Pangasinan, La Union, and the Ilocos provinces as well as enhance Poro Point Freeport Zone’s appeal to logistics investors and export-oriented manufacturers here and abroad,” it said. (PNA)
