Tuesday, January 27, 2009 [ manilatimes.net ]
Taytay, Rizal: Mayor Joric Gacula on Monday unveiled the plan to expand to the eastern outskirt of Metro Manila the overly ambitious development of Mega City in the lakeshore commercial, industrial, and financial zone of Taguig City.
Gacula said talks are under way between the local government and the Laguna Lake Development Authority (LLDA) for the inclusion of their town, particularly the 200-hectare lakeshore parcel in Taytay, Rizal.
He said Taytay and the LLDA, which has jurisdiction over the development projects in the Laguna de Bay region, are likely to forge a joint venture for the development of a 200-hectare lakeshore parcel adjacent C-6.
He added that a number of publicly listed investment firms have expressed interest in infusing capital investments in the new industrial hub.
LLDA earlier struck a deal with the Taguig City government for the reclamation of 3,000 hectares from Asia’s second largest freshwater basin, where they intend to put up the Mega City, where industries, commercial establishments, financial centers and an international airport are envisioned to rise.-- James Konstantin Galvez