Economy


State-owned Chinese firm interested in Mega Harbour




Posted on July 20, 2016


DAVAO CITY -- Representatives of state-owned China Communications Construction Co. (CCCC) were recently in town to express interest in participating in the proposed P40-billion reclamation project here as well as other infrastructure initiatives.

Artist rendition of the Davao Coastline and Port Development Project
A consultant of the Chinese firm, Manuel T. Jamonir, said in an interview that the party met with officials of the Davao City Investment Promotion Center led by Officer-in-Charge Ivan C. Cortez.

Mr. Jamonir said the company builds roads and bridges, and develops renewable energy resources, sewerage systems, and reclamation, among others.

CCCC wants to look at a possible partnership with Mega Harbour Port and Development, Inc., a company led by Reghis M. Romero II, which submitted the unsolicited proposal for the reclamation project.

“CCCC could be a developer or technology provider,” Mr. Jamonir said.

A joint-venture agreement between Mega Harbour and the Davao City government, which gives the project legal personality, was signed by then mayor and now President Rodrigo R. Duterte last month.

The proposal will be subject to assessments and approvals by the Philippine Reclamation Authority and the National Economic and Development Authority (NEDA), then put through a Swiss challenge as required under national law.

Mr. Jamonir said CCCC is also keen on getting involved in the P10-billion Davao City Bulk Water Supply Project of Apo Agua Infrastructura, Inc (AAII).

AAII, a joint venture between Aboitiz Equity Ventures (AEV) and J.V. Angeles Construction Corp. (JVACC), is currently working on the processing of its permits and targets to start construction by January 2017.

CCCC is also interested in a wastewater management system for the city.

On renewable energy, Mr. Jamonir said the company is proposing two hydropower sites: a 140-megawatt (MW) plant in Calinan District in the south of the city, and a 30-MW plant in the upland area of Marilog District.

Mr. Jamonir said CCCC is now finalizing letters of intent to concerned government agencies and private companies regarding their proposals, along with further site investigations and studies of the projects. -- Maya M. Padillo