The Poro Point Management Corp. (PPMC), a subsidiary of the Bases Conversion and Development Authority (BCDA), generated P50 million in revenue from December 2024 to May 2025 during its interim operation of the San Fernando International Seaport in the Poro Point Freeport Zone, La Union, the BCDA said.
The port’s revitalized operations also supported the creation of about 3,200 jobs in the first half of 2025.
PPMC said revenues came mainly from port leases, vessel and cargo handling fees and the government’s share from port services, with rates aligned to Philippine Ports Authority (PPA) standards to ensure competitiveness and compliance.
BCDA president and chief executive Joshua Bingcang said the development was a strong indicator of the port’s potential to drive regional growth.
“This performance affirms the potential of San Fernando International Seaport as a vital logistics and investment hub. As we continue to modernize our ports, we are opening more doors for trade, employment, and inclusive growth in the region,” said Bingcang.
To support this growth, PPMC completed major upgrades across the port estate within the six-month interim period. Improvements included the refurbishment of port offices and basic facilities; replacement and repositioning of rubber fenders and concrete curbs; conversion of lighting systems to energy-efficient LED; electrical line upgrades at Piers 1 and 2; establishment of a systematic waste disposal and janitorial system; and technical assessments and benchmarking with the PPA and the Subic Bay Metropolitan Authority (SBMA).
“The rehabilitation and expansion of the San Fernando International Seaport will help drive opportunities for the local community in Northern Luzon,” said PPMC president and officer-in-charge chairperson Felix Racadio.
“It will create jobs for local residents, bring in new businesses, and gain traction in the tourism sector,” said Racadio.
Following a public consultation, the PPMC board approved a new tariff structure for cargo handling and port service fees in April 2025, which took effect on June 5. The updated rates are expected to enhance revenue stability and long-term sustainability.
PPMC also mandated that at least 85 percent of port service personnel be residents of the City of San Fernando and the province of La Union, supporting inclusive local employment.
