NEGOTIATION STARTS ON P39 BILLION 200-HECTARE DAVAO CITY RECLAMATION PROJECT

BY ROGER M. BALANZA

The Davao City government and the National Economic Development Authority (NEDA) are set this month to start negotiation with Mega Harbor Port Development Corporation which proposed to reclaim about 200 hectares of foreshore area.

The P39-billion Reclamation Project would stretch from Sta. Ana district up to the mouth of the Davao River in Bucana.

We will negotiate for the best in this deal, said Davao City Investment Promotion Center (DCIPC) officer-in-charge Ivan C. Cortez.

Talks with Mega Harbor, a Manila-based company which  has been given an original proponent status by the city government, are to start in February, said Cortez.

Mega Harbor proposed to build on the reclaimed area a seaport with transshipment facilities, a business and tourism complex and tenement houses for residents to be displaced by the project, said Cortez.

According to Cortez, City Hall will also be discussing this month with a Malaysian company which proposed to develop the 10-hectare Isla Verde which was razed by massive fire that rendered more than 2000 families homeless last year.

Isla Verde is inside the 200-hectare Reclamation Project proposed by Mega Harbor.

Mercury Group of Malaysia offered to develop Isla Verde into a tourism, commercial, and residential area for victims of the fire, said Cortez.

A representative of the Mercury Group had recently met with Mayor Rodrigo Duterte for update on their proposal to pour P3 billion into the Isla Verde project, said Cortez.

 “The investor is just awaiting for the city government to act on the proposal,” Cortez told media.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s