The Subic Bay Metropolitan Authority (SBMA) has granted Subic Bay International Terminals Corp. (SBITC) and ICTSI Subic Inc. (ISI) — subsidiaries of International Container Terminal Services, Inc. (ICTSI) — a 25-year extension to operate and manage the New Container Terminals (NCT-1 and NCT-2* in the Subic Bay Freeport.
The Memorandum of Agreement (MOA) for the “25-Year Extension of Contract for the Operation and Management of the NCT” was signed on October 3, 2025, at ACEA Subic Beach Resort by SBMA Chairman and Administrator Eduardo Jose L. Aliño and ICTSI Executive Vice President Christian Gonzalez, witnessed by SBITC Vice Chairman Juan Miguel Delgado and SBMA Director Honorio Allado III.
Under the renewed contract, SBITC and ISI will continue operating the terminals until 2058 and will invest over USD 130 million in infrastructure and equipment upgrades. Planned improvements include the replacement of four existing quay cranes, the acquisition of an additional quay crane, and the integration of more hybrid rubber-tired gantry (RTG) cranes.
According to Gonzalez, the new investments will increase the combined annual capacity of NCT-1 and NCT-2 from 600,000 to 1 million twenty-foot equivalent units (TEUs), boosting operational efficiency and enhancing Subic’s competitiveness as a key logistics hub.
“We are thankful to SBMA for their continued trust. Across all the terminals we operate globally, contract extensions represent confidence in ICTSI’s capability and partnership with local authorities,” Gonzalez said.
The NCT remains a vital international gateway for industries in Central and Northern Luzon, including the economic zones of Subic and Clark.
As part of the upgrade, SBITC plans to increase its reefer plug capacity to 1,000 by end-2025 to support the region’s growing cold chain logistics sector. The terminal also recently added near-zero emission (NZE) RTG cranes, tractors, and trailers, and is set to automate gate operations by early 2026 with a new digital platform for online payments and truck appointments.
