PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

MRC to start tourism project

By Jenniffer B. Austria | Posted on Dec. 11, 2012 at 12:01am
[ ]
MRC Allied Inc. is set to start construction of its tourism project in Cebu City.
The company said in a disclosure to the stock exchange it was set to break ground for the first phase of the Cebu Technopark project in the economic zone of the New Cebu Township One.
The first phase of the Cebu Technopark will include the widening of the roads leading to the proposed water park and the reconfiguration of the existing lake to accommodate the proposed water park and recreational facility.
“This will be the tourism related part of the zone that will cater to both local residents and foreign visitors,” MRC said.
Phase one of the project is expected to be completed by July 2013, it said.
Meanwhile, MRC is taking over the management of NTCO as mandated by the Philippine Economic Zone Authority.
This means the maintenance of the Peza zone including improvements to the existing facilities and utilities shall be undertaken by the company.
MRC said to attract investors into the area, it was in talks with Peza for the promotion of the NCTO as a prime economic zone in Cebu.
“The Peza has committed to work hand in hand with the company to promote the zone to industrial locators especially those from Japan who consider Cebu as a prime location for export-oriented industries,” MRC said.
The company is also in talks for the acquisition of the Seagate property inside the NCTO.
The property currently spans 8.2 hectares and is located at the center of the NCTO.
This is the same facility which Seagate built for $40 million but was never occupied.

real estate central philippines
Copyright ©2008-2018