FROM its initial plan of 100 hectares, the proposed Minglanilla Reclamation and Industrial Park will double its size, said Ming-Mori Development Corp. chairman and president Jose Soberano III.
Soberano’s company entered into a partnership with the local government of Minglanilla for the project.
While the project is highly-anticipated, Soberano said development cannot start without the approval of government agencies. The documents, he said, are still with the National Economic Development Authority and the Public Reclamation Authority.
“We’re just waiting for the papers or permits. We hope to get the papers within the year. When we have the go signal, we’re ready to start,” the official said. He declined, however, to disclose the project cost, but said it will be billions.
The industrial park is located in the coastal areas of Barangays Calajoan and Tulay in Minglanilla. It will house at least 54 light industrial manufacturing and assembly plants of both local and foreign locators. Soberano said the project will be done in phases and completed in five years.
He said it will mean more foreign direct investments to Cebu.
“We need labor-intensive industries to continue the momentum of the country’s economic growth. This industrial park will also become a better vehicle to encourage more foreign direct investments to Cebu,” he said in previous interview.
Upon completion of the industrial park, it is expected to provide about 100,000 in employment opportunities in the local job market, he said.
Soberano also assured that they will give consideration to the fishermen who will possibly be affected with the project. Previously, he said it will conduct an environmental impact study.
Minglanilla Mayor Eduardo Selma said that the project will double or even triple Minglanilla’s income.
Last year, the manufacturing industry recorded a 10 percent growth, the second highest after construction at 12.6 percent.
Economist and Cebu Business Club executive director Perry Fajardo said the country needs to strengthen manufacturing if it wants growth, and not only rely on the services sector.