Subic Freeport attracts $20-M leisure
project
By Ric Sapnu (The Philippine Star) |
Updated August 30, 2015 - 12:00am
SUBIC BAY Freeport , Philippines – A
new leisure project, estimated to cost about $20 million, will soon rise in
this Freeport.
Subic Bay Metropolitan Authority
(SBMA) chairman and administrator Roberto Garcia said Taiwan Vice President
Annette Lu visited last week the site of the proposed project which would
include the redevelopment of the Triboa Clubhouse and the construction and
management of condominium buildings and luxury villas in the Triboa Area.
“This project strongly underscores the
positive business climate in the Freeport as well as the fast-growing tourism
industry here and in the rest of the country,” Garcia said.
Once completed, the project will
feature three 10-story buildings, consisting of a 40-room hotel, a 20-unit VIP
condominium with a car elevator and a regular condominium with 90 units.
The project also includes the
construction and development of five luxury seaside villas with a marina
facility.
Garcia said the redevelopment of the Triboa
Clubhouse, the site of the 1996 APEC summit, is expected to be completed within
the year while the rest of the facilities would take two to three years to be
fully developed.
“Aside from enhancing the tourism
value of Subic, it will also generate an additional employment of 800 for our
local communities,” Garcia said.
He said the project, which was
approved by the SBMA board in November last year, would be undertaken by the
MSK Group through affiliate companies Xantheng (Subic) International Corp.,
Weihsin Subic Bay Corp., and Zangyueh Development Corp.
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