THE Subic Bay Metropolitan Authority (SBMA) has sought the endorsement of the National Economic and Development Authority (NEDA) of six major projects costing a total of P140 billion to build new cargo terminals, roads and bridges, in anticipation of a surge in investments in the Subic Bay Freeport Zone (SBFZ).
“The SBMA has already sent a memorandum to NEDA asking it to endorse the proposal to Malacañang so that we can fast-track these projects,” Martin Diño, SBMA chairman said in a statement over the weekend.
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