Friday July 20, 2018

Firm eyes green project in Davao City

THE Davao City Investment and Promotions Center (DCIPC) is set to deliberate for the investment incentive of a green project by a local investor here in Davao City.

At the sidelines of the groundbreaking ceremony of the Davao City Investment and Tourism building last Tuesday, December 12, DCIPC head Lemuel Ortonio said a local investor who is specifically into a Waste-to-Fertilizer project approached DCIPC and expressed interest in further investment in the city.

Ortonio said they have already completed their application requirements and are already set to be deliberated by the Davao City Investment Incentive Board for additional concerns and requirements.

“Hopefully we will be able to approve this project within the month. That’s one major project that we are working out on,” said Ortonio who have yet to mention the name of the Davao-based company.

Included in the Top 10 preferred investment areas in Davao City are those that fall under environmental protection or green projects.

“Solid waste management is one of the major concerns of the local government. The city supports new technologies that will help address its goal towards becoming a truly green city,” read the Davao City priority investment official website post.