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Customs gets 25-year free lease from SBMA
THE Subic Bay Metropolitan Authority (SBMA) has granted the Bureau of Customs (BOC) a 25-year free lease at the Subic Bay Freeport Zone to improve border security and operational efficiency in the port.
Dr.G.R.Balakrishnan Apr 15 2025 Indian Ports News

Customs gets 25-year free lease from SBMA

The agreement, formalized on Thursday, (10 April ‘25) gives the BOC free access to customs operations. In return, the BOC is tasked to manage seized goods, follow environmental policies and maintain SBMA's facilities.

Signed by BOC Commissioner Bienvenido Rubio and SBMA Chairman Eduardo Jose Aliño, the agreement recognizes BOC's role in border protection, trade facilitation and revenue collection. It also shows both parties' commitment to efficiency and economic growth from operations in the port. Rubio expressed optimism that the partnership will result in increased trade volumes, higher revenue collection and new investments.

Aliño said SBMA and BOC share the goal of establishing a new and modern building for the Port of Subic to enhance services and provide convenience for its stakeholders and clients.

Customs district collector Marlon Fritz Broto said the partnership would give BOC an empowered and reliable framework which would serve as the agency's guide in introducing changes to the port and planning for its future.

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