08/10/2025
The Subic Bay Metropolitan Authority (SBMA) has granted the subsidiaries of International Container Terminal Services, Inc. (ICTSI) permission to extend the operation of the New Container Terminals (NCTs) for another 25 years.
The Memorandum of Agreement (MOA) was signed at the ACEA Subic Beach Resort in Subic Bay Freeport on October 3, 2025, for the “25-year Extension of Contract for the Operation and Management of the NCT.”
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The Subic Bay Metropolitan Authority (SBMA) has granted the subsidiaries of International Container Terminal Services, Inc. (ICTSI) permission to extend the operation of the New Container Terminals (NCTs) for another 25 years.