[ Malaya.com.ph ] July 3, 2009
The Board of Investment (BOI) has approved five projects worth P437 million, led by a P200 million egg production venture of Biotech Farms Inc. (Biotech) in Banga, South Cotabato.
Biotech’s project has a capacity of 39,254,400 fresh chicken eggs yearly. The project will also produce 135,360 culled layer and 28,569 bags or 1,428,471 kilograms of manure, the raw material for organic fertilizers.
The proposed project will involve the construction of a modern poultry layer facility using special pre-fabricated panels and accessories for all its facilities, equipment and state-of-the-art egg production processing system called the "controlled climate system."
This system will produce safe and high quality eggs products which are free from any harmful bacteria and adulteration with any chemical that can cause human illness.
Commercial operations will start in January next year.
The BOI also approved three housing projects.
Lynville Realty and Development Corp. is spending P140.93 million for the construction of a low-cost mass housing project, its third, in Sta. Cruz, Laguna. Called Lynville Homes Phase 3 Gate, it covers 340 low-cost housing units on a 2.72-hectare area.
Forte Realty Corp. is spending P50.95 million for Villa Alicia II, a low-cost housing project in Makati. The project involves the development of 747.8 square meters of land and the construction of a four-story condominium building, consisting of 65 residential units and studio type rooms.
The third housing project is Verona Subdivision being undertaken by Casa Regalia Inc. at a cost of P45.5 million,
Casa Regalia will invest P45.5 million for this project, its third, which involves the construction of 107 housing units on 1.8 hectares of land.-Irma Isip
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