G7-PGII | SubicNewsLink

Showing posts with label G7-PGII. Show all posts
Showing posts with label G7-PGII. Show all posts

13 May 2026

US Embassy economic delegation eyes stronger partnership with Subic Bay Freeport

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño (center) welcomed United States Ambassador Heather Variava (2nd from right), Senior Advisor for Economic, Energy, and Business Affairs, and Head of Delegation for the Luzon Economic Corridor Steering Committee during her visit to the Subic Bay Freeport Zone on May 13, 2026.


The United States Embassy delegation for the Luzon Economic Corridor (LEC) Steering Committee visited the Subic Bay Freeport on May 13, 2026, signaling stronger economic cooperation and expanded investment opportunities in the country.

Leading the delegation was Heather Variava, Senior Advisor for Economic, Energy, and Business Affairs and Head of Delegation for the committee, together with representatives from the US economic team. The visit forms part of ongoing efforts to strengthen US-Philippines economic relations through close coordination with government officials and business leaders.

The delegation met with officials of the Subic Bay Metropolitan Authority led by Chairman and Administrator Eduardo Jose L. Aliño to discuss economic growth initiatives under the Luzon Economic Corridor.

The LEC is a multi-billion-dollar economic partnership aimed at enhancing infrastructure, logistics, and supply-chain connectivity among the country’s major economic hubs — Subic Bay, Clark, Manila, and Batangas.

United States Ambassador Heather Variava, Senior Advisor for Economic, Energy, and Business Affairs, and Head of Delegation for the Luzon Economic Corridor Steering Committee, shows the book “Birds of Subic Bay” that Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose L. Aliño handed to her as a token.


Aliño said the initiative, originally launched as a trilateral partnership among the Philippines, the United States, and Japan, has now expanded to include Australia, Denmark, France, Italy, South Korea, Sweden, and the United Kingdom.

“This ambitious venture will strengthen infrastructure, supply chains, and green energy across Subic, Clark, Manila, and Batangas,” Aliño said.

“It is most timely that Her Excellency Heather Variava and her delegation visit us now, as the Luzon Economic Corridor gains momentum through international partnerships and expanded economic engagement,” he added.

According to Aliño, upcoming projects involving railway connectivity, port modernization, clean energy, and semiconductor supply chains are expected to further solidify Subic Bay’s role as a premier logistics and manufacturing hub in the region.

The initiative was initially launched in April 2024 under the G7’s Partnership for Global Infrastructure and Investment (PGI), with the Philippines, the United States, and Japan serving as founding partners. Since then, the program has evolved into a broader 10-nation coalition supporting sustainable and strategic infrastructure development in the country.

The ambassador’s visit also forms part of efforts to coordinate strategic infrastructure and investment programs with the Philippine government and the private sector, while promoting reforms aimed at streamlining regulations and improving investor confidence.

Variava is currently leading efforts to advance economic growth initiatives under the Luzon Economic Corridor by promoting sustainable and transparent infrastructure partnerships in the region. (SNL)

24 April 2024

Subic-Clark Railway Project endorsed for Luzon Economic Corridor




The Subic-Clark Railway Project (SCRP), expansion of the Clark International Airport, and the Clark National Food Hub are among the high-impact projects offered to American and Japanese investors in the proposed Luzon Economic Corridor, which forms part of the Group of Seven (G7) Partnership for Global Infrastructure and Investment (PGII). 
 
During the trilateral meeting of President Ferdinand R. Marcos Jr., US President Joe Biden, and Japanese Prime Minister Fumio Kishida in Washington DC early this month, it was unveiled that the G7 countries eye to develop the Luzon Economic Corridor. The Luzon Economic Corridor aims to establish connectivity in economic hubs in Luzon – Subic Bay, Clark, Manila, and Batangas. 

Bases Conversion and Development Authority (BCDA) President and CEO Joshua M. Bingcang said BCDA is optimistic that the inclusion of SCRP, expansion of Clark International Airport, and the Clark National Food Hub in the proposed Luzon Economic Corridor will help accelerate the implementation of these game-changing infrastructure projects, not just for the country but for the whole Indo-Pacific region. 

SCRP, a joint project with the Department of Transportation, is an integral part of the Philippine National Railways Luzon System Development Framework. Once completed, it will provide initial freight service between the Subic Bay Freeport Zone and the Clark Freeport and Special Economic Zone, linking Subic Port with Clark International Airport and other major economic hubs in Central Luzon, especially New Clark City. 

BCDA is also embarking on the expansion of Clark International Airport, which includes the construction of a second runway, taxiways, aprons, and landside access roads and utilities, intended to cater to major logistics firms locating in Clark. 

Meanwhile, the BCDA subsidiary Clark International Airport Corporation will also develop the 64-hectare Clark National Food Terminal hub aimed at making the Philippines a leading agricultural resource hub in the region and the world. 

These three high-impact projects are BCDA's contribution to the efforts of Special Assistant to the President for Investment and Economic Affairs Frederick Go to drive sustainable and inclusive economic growth in the country and make the Philippines a top investment destination. (SNL)