By Raffy C. Viray (The Philippine
Star) | Updated September 16, 2013 - 12:00am
Balanga City, Bataan ,
Philippines – A resort development and
construction conglomerate will pour an initial of P300 million for the lease
and enhancement of tourism facilities in the Freeport Area of Bataan (FAB), an
industrial and ecological complex in the first export processing complex in the
country.
The Authority of the Freeport Area of
Bataan (AFAB), which manages the complex, and the LKY Group signed recently an
agreement for project that aims to transform the industrial complex into a
leisure hub and complete lifestyle community, with the objective of making the
peninsula the premier-investment haven and tourist destination in the country.
“This project will further improve
facilities in the FAB that can spur investments and create new jobs and at the
same time, provide work-life balance to our locators and the FAB community,”
said AFAB Chairman Deogracias G.P. Custodio.
Under the project, Custodio said,
about 130,000 square meters of land in the freeport would be developed,
including its existing four-storey Hilltop Hotel, tennis and badminton court,
club house, shopping center, bowling complex, cinema, and other amenities.
The target completion of the FAB
Leisure Hub project is set within two years.
LKY Group, headed by Wilbert Lee as
its president and general manager, has been revolutionizing the development
concept of transport terminals, hotels and resorts, commercial leasing, retail
marketing, construction and property development, food operations, travel and
tours, and housing, for more than 30 years .
While FAB is home to more than 70
companies engaged in producing high-end brands of garments, apparel, shoes and
accessories like bags and jewelries, among others, it is also looking into
investment partnerships in cargo port/ferry port industry and industrial estate
development.
Meanwhile, Bataan Governor Albert
Raymond Garcia has strengthened further his priority programs to hasten
economic growth of Bataan with the preparation of a tourism master plan which is geared toward job creation and
income for the province.
“Before, Bataan is much more known
locality in the country because of its rich historical background and heroic
stand of Filipino and American soldiers during World War II. Now, we have
partnered with the Department of Tourism to create a tourism master plan,” said
Garcia during the recent opening of Executive-Legislative Agenda Formulation at
the Capitol compound.
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