SUBIC BAY FREEPORT

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The objective of the Subic Bay Freeport project is to attract private investors to the Subic Bay Freeport (SBF). This will be achieved by: a) improving existing infrastructure; b) improving access to the area for industrial, commercial and passenger traffic; c) maintaining the SBF asset base, including protection of the environment; and d) strengthening the capacity of the Subic Bay Metropolitan Authority (SBMA) to manage and administer the facility. The project consists of three components. The first is the site improvement, which includes improvement of land access; airport improvements; port repairs; a pilot standard factory building development; and the provision of miscellaneous equipment for security and maintenance purposes. The second component is technical assistance and training to strengthen the institutional capacity of the SBMA and to provide appropriate systems for the implementation of freeport policies. The third is environmental protection, which includes the carrying out of an environmental baseline survey, the provision of monitoring equipment and institutional support to establish a sound environmental infrastructure at the SBF.