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)

 

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Thursday, 13 December 2018
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