30 September, 1992
TODAY IN PHILIPPINE HISTORY:
The United States forces departed from the huge Subic Bay Naval Base. The Philippine Congress ratified a base conversion bill in February 1992 that created five special economic zones at the vacated United States bases under the Base Conversion Development Authority.
The authority, which will exist for five years, will sell the land connected with the bases within six months and use half the proceeds to convert the bases to civilian use. One plan envisions converting the former Subic Bay Naval Base into a tourist center, industrial zone, container port, and commercial shipyard. But this plan will be hampered by the United States removal of major equipment, including three dry docks, from the base.
The United States was expected to leave Cubi Point Naval Air Station, its last base in the Philippines, in November 1992.
(Ref: mongabay.com)
