Under interim management by Poro Point Management Corporation (PPMC), the San Fernando International Seaport in the Poro Point Freeport Zone has posted ₱50 million in revenues and generated approximately 3,200 new jobs from December 2024 to May 2025.
Earnings were driven by port facility leases, vessel and cargo fees, and government shares, all benchmarked against Philippine Ports Authority rates to ensure competitiveness and compliance.
“This performance affirms the Seaport’s potential as a vital logistics and investment hub in Northern Luzon,” said BCDA President and CEO Joshua M. Bingcang. “By modernizing our ports, we unlock more trade opportunities, create jobs, and foster inclusive regional growth.”
To support rising activity, PPMC completed key upgrades across the port estate, including:
- Refurbishing port offices and basic facilities
- Replacing and repositioning rubber fenders and concrete curbs
- Converting port lighting to energy‑efficient LEDs
- Upgrading electrical lines at Piers 1 and 2
- Establishing systematic waste disposal and janitorial services
- Engaging third‑party experts for technical assessments and PPA/SBMA benchmarking
“These enhancements will drive new business, boost tourism, and empower local communities,” said PPMC PCEO and OIC Chairperson Felix Racadio.
In April 2025, the PPMC Board approved a new tariff structure for cargo handling and port services, effective June 5, designed to stabilize and sustain revenue streams. PPMC also reaffirmed its inclusive‑employment policy, mandating that at least 85% of port service personnel be hired from San Fernando City and the Province of La Union.
With solid interim results, upgraded infrastructure, and a locally sourced workforce, BCDA and PPMC are confident the San Fernando International Seaport will anchor Northern Luzon’s economic transformation.
