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Manila Bulletin devider Business devider Trade & Industry devider US giant Cerberus faces Swiss challenge for ₱7-billion Subic air cargo hub project

US giant Cerberus faces Swiss challenge for ₱7-billion Subic air cargo hub project

Published Aug 3, 2026 12:00 am  |  Updated Aug 2, 2026 06:38 am
The Subic Bay Metropolitan Authority (SBMA) has formally started the Swiss challenge for the ₱7-billion proposal to manage and upgrade the Subic Bay International Airport (SBIA), as it issued a call to potential challengers to submit competing offers.
In a bid bulletin dated July 31, the SBMA invited firms to submit their comparative proposals for the project proposed by United States (US)-based Cerberus Asia Pacific Investments LLC.
SBMA said interested firms have until Oct. 29 to submit their proposals, with the bid opening scheduled to take place on the same day. A pre-bid conference to clarify the requirements and address queries from participating firms is set for Sept. 14.
Under a Swiss challenge, also known as a comparative challenge, the SBMA is allowing other companies to match the unsolicited proposal for the SBIA submitted by Cerberus, which was approved in April last year.
Cerberus has been granted original proponent (OP) status by the SBMA for its unsolicited proposal to upgrade, expand, operate, and maintain the SBIA. As the OP, Cerberus will have the right to match the best offer during the challenge process.
Cerberus is seeking to manage the SBIA under a 25-year operate-rehabilitate-add-transfer scheme to develop the gateway into a strategic cargo and logistics hub that would help ease congestion at Ninoy Aquino International Airport (NAIA).
“Currently underutilized, SBIA requires substantial investment and comprehensive operational improvements to realize its full potential over the concession period,” SBMA said.
Cerberus is planning to invest ₱7 billion to develop the project, nearly 13 percent higher than the initial project cost pegged at around ₱6.2 billion.
The investment will focus on upgrading existing airport facilities to align them with international benchmarks, alongside the development of new facilities to transform the airport into a higher-capacity logistics hub.
SBMA noted that the airport's location and air-to-sea access pose a significant opportunity to develop it into a hub for commercial cargo and warehousing.
“This highlights a growing demand for air cargo services, driven by the need for industrial supplies and the transportation of finished products,” it said.
In addition, SBMA noted that the ongoing development of the Luzon Economic Corridor (LEC) further increases the need for improved air connectivity.
The LEC is an initiative led by the Philippines, the US, and Japan aimed at accelerating high-impact investments to enhance connectivity between Subic Bay, Clark, Manila, and Batangas.
“All these factors lead to the conclusion that the manufacturing industry in the Philippines, and particularly Central Luzon, is highly likely to significantly grow in the upcoming decade, both in terms of size of current facilities, and additional factories,” SBMA said.
“This leads to demand for air cargo in terms of industrial supplies, as well as output products, and attracts population growth and consumer wealth, leading to consumption increase and related air cargo demand,” it added.
By developing the SBIA, SBMA said it is ensuring that Clark International Airport will not be the only alternative once NAIA reaches its cargo capacity limit in the future.
The agency said an upgraded SBIA can ensure competitive pricing and provide additional options for airlines operating or planning to set up shop in Manila.
With this, Subic Bay is expected to help accommodate an additional 200,000 tons of cargo by 2035.
US Trade Development Agency (USTDA) Deputy Director Thomas Hardy said last month that the Subic Bay port would be the main gateway for critical minerals transported via the proposed Subic-Clark-Manila-Batangas (SCMB) Railway, which will serve as the main logistics backbone of the LEC.
Cerberus' parent firm, Cerberus Capital Management, acquired the former Hanjin Shipyard in Subic Bay in 2022 to transform the facility into a strategic hub for industrial, naval, and logistics operations.

Related Tags

Subic Bay International Airport (SBIA) Subic Bay Metropolitan Authority (SBMA)
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