President Duterte issued a challenge to local and regional developers to bring coastal development in Davao within a year; the challenge has now been set.
The billion dollar coastal projects aimed at Davao are just what the city needs – the various regions plaguing the notorious ‘Boulevard,’ as well as numerous other coastal areas has brought crime, and pollution to the entire city.
Duterte signed what many see as the beginning of a redevelopment push for Davao – on June 21 he signed the Joint Venture Agreement for the 30-billion peso Davao Coastline and Port Development Project covering the entire coastal region of Davao City.
The Mega Harbour Port and Development Inc. will also bring a 38-billion peso private development project to Davao City. The project involves a 200-hectare reclamation area which is to be completed by 2019. The project will cover the shores of Matina Bucanaupto to R. Castillo St. in Agdao.
Officials said that the signing of the project marks the full realization that it will transform Davao City into a stunning metro area. The project will go to the permits and approvals phase where government agencies will begin the reclamation project. Those permits and approvals are said to take at least one year.
The Mega Harbour Port and Development Inc. project is said to generate a huge employment opportunity for Davao and the surrounding areas.
When completed, the new cityscape will make the city a highly competitive and urbanised area.
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