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

International reserves rise to $82.9-B in end-February 2019

        Preliminary data shows that the country’s gross international reserves (GIR) rose to $82.9 billion as of end-February 2019 from... Read More...
UBS holds first market forum in the Phls.

    By Rose de la Cruz   Swiss-based UBS investment bank is vigorously marketing the Philippines to foreign investors by holding its first market... 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...
Stupid Name Giver and Other Laughs

Stupid Name Giver Late one night, a burglar broke into a house. While he was sneaking around he heard a voice say, "Jesús is watching you."  He... 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 A DELICATE BALANCE

Photo courtesy of Top Gear Philippines Officials of motorcycle-sharing service company Angkas must be grinning all the way to the bank. After a... Read More...
IMAGE TULOY ANG LABAN SA DENGVAXIA

MABUTI naman at tuluyan ng nagpasiya ang pamahalaan na sampahan ng karampatang kaso ang mga sangkot sa kontrobersyal na Dengvaxia anti-dengue... Read More...

Our Guests

Today64
Yesterday1027
This week4086
This month20043
Total1206223

Visitor Info

  • Your IP: 52.206.226.77

Who Is Online

23
Online

Thursday, 21 March 2019
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.