In a serious bid to encourage more investments into the Philippines, the United States of America will be providing financial support for feasibility studies on the proposed expansion of the facilities at the port of Subic Bay as well as the establishment of public WiFi access points in key locations, according to a Manila Bulletin news report. These developments point to turning the Subic Bay port into a key gateway for the planned artificial intelligence (AI) industrial hub while improving WiFi access with the nation in mind.
To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldfaceā¦
The United States (US) is providing funding support for feasibility studies on the proposed expansion of port facilities at Subic Bay and the establishment of public WiFi access points in a bid to encourage more investments into the Philippines.
The US Trade and Development Agency (USTDA) said on Thursday, Sept. 10, that it will provide a grant to ship repair firm Subic Drydock Corp. (SDC) for a feasibility study to advance the expansion of a key port ship repair facility.
SDC will secure the services of a California-based engineering consulting firm to conduct the study, according to the USTDA.
The study is expected to support the technical and engineering design to expand SDCās existing berth within the Subic Bay Freeport Zone to accommodate larger vessels.
The expanded capacity will help meet the growing demand for ship repair and maintenance services, reinforcing Subic Bayās strategic role in the Luzon Economic Corridor (LEC).
Subic Bay is one of four major economic hubs within the LEC that is set to play a critical role in the corridorās economic development.
Established by the Philippines, US, and Japan, the LEC intends to enhance connectivity between Subic Bay, Clark, Manila, and Batangas, which account for approximately 50 percent of the countryās gross domestic product (GDP).
Earlier, the Port of Subic Bay was designated as the āpreferred maritime gatewayā for the planned artificial intelligence (AI) industrial hub in New Clark City.
The port is expected to handle the import, export, handling, storage, and transport of the inputs necessary to support the advanced manufacturing operations in the industrial hub.
Meanwhile, the USTDA will also provide a funding grant to Uy-led ComClark Network and Technology Corp. for the proposed creation of a nationwide network of public WiFi access points.
ComClark has selected California-based advisory services firm Connectivity Capital LLC to conduct the feasibility study, the agency said.
The study covers the pilot implementation of AI-enhanced WiFi access points at six sites to determine market demand, technical requirements, commercial feasibility, and financial projections.
The USTDA said the findings of the study would help lay the groundwork for a potential deployment of the access points at nearly 8,000 locations by 2030, which is expected to widen access to reliable connectivity in the country.
USTDA Deputy Director Thomas Hardy said funding support for the two feasibility studies helps reinforce the USā commitment to supporting the Philippine governmentās and private sectorās infrastructure priorities.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you welcome the American funding for the Subic Bay port facility improvements as well as the enhancement of public WiFi access? What is your opinion about the economic potential of the Luzon Economic Corridor?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
+++++
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco
