PGMA in Clark for logistics forum

April 29, 2010 7:51 pm 

CLARK FREEPORT ZONE, April 29 — President Gloria Macapagal-Arroyo will grace tomorrow, Friday, a forum here that will assess the achievements of her administration on the development of the Subic and Clark Freeport zones as a competitive world-class logistics hub in the Asia- Pacific region.

The forum dubbed as “Restrospective Forum on the Subic-Clark Logistics Corridor: Milestones and Prospects,” will be held at the Grand Ballroom of the Holiday Inn Hotel at the Clark Freeport Zone.

It will be attended by some 500 national and local officials, the private sector, manufacturing and logistics players, and foreign and local investors.

The President will be presented a document the “Declaration of Cooperation to Develop Subic and Clark Corridor Into a World-Class Logistics Hub” by members of the Subic-Clark Alliance for Development Council and the President of the Clark Locators and Investors Association and the Subic Bay Freeport Chamber of Commerce.

The President has been at the forefront of a plan to establish the area as a mega-logistics hub for the Asia Pacific region by putting in place several vital infrastructure projects such as the Diosdado Macapagal International Airport, the Subic-Clark-Tarlac Expressway, among others.

What has inspired the President to accelerate the Subic-Clark development plans were the opportunities cited by The Center for Research and Communications, Transport and Logistics Institute (CRCTLI), which puts the worldwide Logistics Market Value at $ 3.5 trillion.

With much of the manufacturing and movement of goods moving to the Asia Pacific Region, the logistics sector is expected to grow by three to 10 percent per year over the next 10 to 15 years.

In Asia alone, CRCTLI places the logistics market at $ 1 trillion.

She then focused to develop the Clark and Subic Corridor to the point of being considered the best and most competitive logistics and international service center in Southeast Asia which will develop and enhance synergy between airport and industrial development with raw goods and finished products efficiently transferred through the supply chain.

The newly-provisioned deep-water Subic Sea Port along with the state-of-the-art-equipped Clark Airport, now connected by a new four-lane divided mega-highway, and the pro-active attitude of the Arroyo administration have helped developed the Clark/Subic corridor into a world-class logistics and supply chain hub. (PNA)

LDV/OPS/ssc

Comments

Comments are closed.