×

Error

There was a problem loading image cleardot.gif

Sangley seen as next global gateway

THE Department of Transportation is seriously considering the use of Sangley Point in Cavite City as the country’s newest transport hub as the agency continues to look for ways on how to reduce air and traffic congestion in Metro Manila. 

The DOTr is now studying proposals from the business consortium of Wilson Tieng and Henry Sy, Sr. to build a new “global gateway” transport complex in Sangley Point.

The All-Asia Resources and Reclamation Corp. (ARRC) has offered a P1.3 trillion project dubbed as Philippine Global Gateway (PGG), which involves the development of an airport, seaport and industrial estate off the coast of Sangley.

The said business consortium outbid the earlier planned $10 billion (P 480 billion) project offered by a consortium led by Ramon Ang back in 2014.

The project aims to address air congestion in Manila as the Philippine capital struggles to cope with a rising number of flights and increasing road traffic.

According to the proposal, to be built are two-runway airport and passenger terminal that is expected to accommodate 50 million passengers initially and 90 million by 2050.

The project will also give way to a freeport and logistics-friendly industrial zone with the construction of a P500B integrated seaport that will decongest Manila Harbor and a special economic zone for manufacturing and processing plants.

ARRC Vice Chairman Edmund Lim revealed that the project will be built in partnership with foreign investors without any government funding as they have already signed all the contracts to make it happen.

“We are ready but we need the government's nod,” Edmund Lim said. (With report from PIA)

 

Like us in Facebook

Features

Latest News

NEDA wants stronger push for exports

    By Rose de la Cruz     The National Economic and Development Authority wants a stronger and more aggressive push for Philippine exports to... Read More...
Japan remains top ODA source

    By Rose de la Cruz   Japan continues to be the main source of official development assistance of the Philippine government, where... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Wrong Dream Girl and Other Laughs

Wrong Dream GirlA FROG telephones the Psychic Hotline. His Personal Psychic Advisor tells him, "You are going to meet a beautiful young girl who will... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...
IMAGE PAGIGING MAKABAYAN

KAMAKAILAN ay tumawag ng atensyon ang plano ni Sen. Manny Pacquiao na maghain ng panukalang batas na naglalayon na isama bilang bahagi ng curriculum... Read More...
IMAGE PUTULIN ANG MONOPOLYO NG MERALCO!

SUPORTADO nang ibat-ibang consumer group kabilang na ang Institute for Consumer Research and Empowerment (ICORE) ang panukalang dapat putulin na ang... Read More...

Our Guests

Today671
Yesterday815
This week3897
This month12607
Total1027211

Visitor Info

  • Your IP: 54.196.98.96

Who Is Online

20
Online

Thursday, 16 August 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.