State-run Bases Conversion and Development Authority (BCDA) designated its unit Poro Point Management Corp. (PPMC) to manage the interim operations of San Fernando Seaport in La Union province.
The BCDA said in a statement Friday the move is imperative following the expiration of the lease contract of the seaport’s former operator, Poro Point Industrial Corp. (PPIC) on Oct. 31, 2024.
“The BCDA recognizes the San Fernando Seaport as a crucial hub for international trade, supply chains, and industry support in La Union and Northern Luzon. Its role in creating jobs and boosting livelihoods underscores the importance of maintaining seamless operations. We thank PPMC for stepping in during this transition,” said BCDA president and chief executive Joshua Bingcang.
PPMC president and chairman Felix Racadio signed the memorandum of agreement (MOA) with the BCDA, formalizing PPMC’s interim control of the seaport.
Under the MOA, PPMC is tasked with maintaining critical services such as cargo handling, customs brokerage, warehousing and equipment rentals.
It will also oversee safety, environmental protection, trade facilitation, labor compliance, and the upkeep of seaport infrastructure.
“We are honored by BCDA’s trust and commit to ensuring the seaport’s smooth operations during this interim period,” Racadio said.
PPIC, established in 1999 by BCDA, PPMC and Bulk Handlers Inc. (BHI), managed the seaport for 25 years.
As the lease approached its expiration, BCDA proposed a three-month holdover authority to ensure uninterrupted operations, while finalizing a competitive bidding process for a new operator, to which PPIC declined.
The BCDA Board authorized PPMC to take over seaport operations effective Nov. 6, 2024.
The San Fernando Seaport is part of the 236.5-hectare Poro Point Special Economic and Freeport Zone and plays a key role in La Union’s transport and logistics network.
Formerly the US Wallace Air Station, the area is being developed as a hub for tourism and investment to drive regional growth.
