“The exclusive port operator and cargo handler at the Subic Bay is armed with an authority to collect fees and modernize the dock…”
Some long-time and even pioneering co-locators have complained that paying the royalties “will increase the cost of goods,” especially those that pass through Subic, the nation’s second busiest port. HCPTI sources said the company had been patient with the recalcitrant group that peddled the story that the port operator was charging a 55-percent to 65-percent royalty on them. Such accusations of extortion were belied by other co-locators, who claimed they were given the option to pay a fee to continue operations in the joint venture areas.Ramon Agregado
Port operations entail a myriad of logistical and administrative complexities, requiring a balanced approach to fee structuring. HCPTI vowed that its fee structures were meticulously crafted to ensure operational sustainability, especially for the long-time co-locators affected by the transition. HCPTI’s entry in Subic, meanwhile, is expected to enhance and modernize the non-containerized cargo facilities of the Subic Bay Freeport Zone .
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