THE Poro Point Management Corp. (PPMC) said it has generated P50 million in revenues and created 3,200 jobs six months after taking over the operation and management of the San Fernando International Seaport in the Poro Point Freeport Zone, La Union in December 2024.
In a statement on Sunday, PPMC said the earnings from December 2024 to May 2025 came from port leases, vessel and cargo fees, and government shares from port services.
PPMC took over the interim operations of the seaport after the lease contract of the previous operator, Poro Point Industrial Corp., (PPIC) expired on Oct. 31, 2024. PPMC will run the port until a new operator is selected.
Since December 2024, PPMC has carried out major repairs and upgrades across the port estate which will help drive opportunities for the local community in Northern Luzon, PPMC PCEO and OIC Chairperson Felix Racadio said.
These include the refurbishment of port offices and basic facilities; replacement and repositioning of rubber fenders and concrete curbs; conversion of port lighting systems to LED; upgrading of electrical lines at Piers 1 and 2; establishment of a systematic waste disposal mechanism and janitorial maintenance, coordination with third-party experts for technical assessments and benchmarking with the Philippine Ports Authority and Subic Bay Metropolitan Authority.
Racadio said at least 85 percent of port service personnel come from the City of San Fernando and the Province of La Union.
The San Fernando International Seaport is a 30-hectare seaport, PPMC website says. The seaport, which has three pier structures, is ideal for many types of inbound and outbound bulk cargoes and can accommodate all types of vessels from cruise ships, roll-on, roll-off (RORO) vessels, motor tugboats, passenger vessels to fishing boats, it added.
