Wednesday, 23 November 2011

5 Clark Development Projects Pushed

Involving Over P20-Billion Investments
Manila Bulletin

MANILA, Philippines — At least five major projects with estimated investments of over P20 billion will take off by 2012 in Clark Special Economic Zone including Megaworld’s P7-billion mix-use project beefing up the Freeport’s run as tourism destination and as the fulcrum of Central Luzon development.

In the pipeline now are at least five major projects that are expected to reinforce the Freeport’s reputation as both an investment and tourism destination, said Clark Development Corp. president Antonio Felipe Remollo.

The first project involves another world-class tourism blueprint – MegaWorld Corporation’s mixed-use project to be located in a 400-hectare area between the Clark Freeport Zone and the Clark Special Economic Zone.

This involves the construction of a mixed-use complex that features office, commercial, retail, and leisure, residential, health, and wellness components at a development cost of at least P7 billion.

At least 200 hectares was allotted for the CDC’s second project – the proposed Clark STAR, which stands for Sports, Training, Amusement & Recreation. Located at the sprawling Clark Highlands, Clark STAR is the perfect site for transport terminal, wakeboarding complex, soccer stadium, hotels and villas, athletes’ dormitories, nature and theme park, swimming center, boulevard and promenade, and athletes’ training ground.

The third project, meanwhile, is the Clark Highlands, formerly known as the Next Frontier located at the Sacobia Valley. It covers 10,684 hectares of land adjacent to the Clark Freeport will be developed into ICT parks, residential, light-industrial, agro-industrial, and tourism and leisure projects.

In April of next year, Korean firm Donggwang Clark Corporation is expected to complete its $200-million tourism-related project, which includes the Clark Sun Valley Golf Course located at main zone of the Freeport.

With the groundbreaking of this fourth Clark project, Donggwang is poised to be the new leader in tourism complex and golf course construction in the Philippines, Remollo said.

According to Remollo, the Korean firm will create a 304-hectare tourism complex with residence villas, water theme park, and various amenities. Complementing this is a 10-storey office and residential building – the biggest of its kind inside Clark.

While Tower 3 of Donggwang’s ODE County Officetel is already complete, February 2012 will see the completion of two of its other structures – Towers 1 and 2, said Remollo.

And lastly, expected to be completed by April 2013 is the proposed CDC Corporate Building, which will consolidate the various departments and offices in one modern, environment-friendly structure.

At present, departments and offices of the CDC’s Corporate Headquarters are located separately in nine different buildings and structures.

In the various conceptual studies currently under evaluation, the new corporate headquarters will also have provisions for commercial spaces for lease in the first two floors, with the rest of the building allotted for CDC administrative and executive offices.

Also, facilities for Morale, Welfare and Recreation (MWR) such as fitness gym, multi-purpose function hall, clinic, and a chapel will also be included in the building’s various amenities. (BCM)

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