CEBU Landmasters, Inc. (CLI) said on Wednesday that it has obtained the final notice to proceed from the Philippine Reclamation Authority (PRA) to begin reclamation for its techno business center in Minglanilla, Cebu.
“The PRA Board of Directors unanimously accepted the NTP (notice to proceed) in its Resolution 5389 series of 2021, which would pave the way for the development of a techno-business center in Minglanilla with a fully integrated port infrastructure,” CLI stated in a filing to the market.
Ming-Mori Development Corp. (MMDC), in which CLI has an 80 percent interest, and the town of Minglanilla will collaborate on the Ming-Mori Techno Business Park, a 100-hectare “island type” reclamation project.
The project’s bidding and contracting for contractors and suppliers is scheduled for the fourth quarter. CLI said that it intends to begin reclamation work in the early part of next year.
After a five-year assessment, the PRA granted project permission to the Ming-Mori project in June. It also has a certificate of environmental compliance from the Department of Environment and Natural Resources (DENR).
“The process included significant engagement with a diverse variety of stakeholders, as well as the submission of development goals showing environmental responsiveness,” CLI said.
The P20 billion techno business park would have its own port as well as commercial, industrial, and recreational facilities. According to CLI, the initiative would provide approximately 75,000 employment possibilities in light manufacturing sectors.
CLI raised its share in MMDC to 80 percent in August in order to “strengthen its position as developer and project manager of this township development.” After developments in Davao and Cagayan de Oro, the Ming-Mori Techno Business Park will be CLI’s third large-scale township development