CEBU, Philippines — Cebu Landmasters Inc. (CLI) is looking at starting the construction of 100-hectare light industrial park in Minglanilla, Cebu by 2021.
CLI vice president and chief operating officer (COO) Jose Franco B. Soberano announced during the company’s virtual Investors’ and Analysts’ Forum, that following the approval of the project’s Environmental Compliance Certificate (ECC) by Department of Environment and Natural Resources on July 22, after a comprehensive two-year review, CLI can now jumpstart drawing the masterplan.
However, CLI along with its partners, also has to comply necessary requirements by the Philippine Reclamation Authority (PRA).
“We are looking at starting the construction by second half of 2021,” Soberano said.
The Ming-Mori Techno Business Park, or the Ming-Mori Minglanilla Reclamation Project, initially targets at least 10 locators. Part of the plan is to develop an integrated facility that meets the requirement of new normal.
According to Soberano, the light industrial park shall also build residential, commercial, and retail components to make it a full-fledged township.
“We want to get it right,” noted Soberano adding that the project is on the right timing wherein design and masterplan will be created based on current circumstances.
The Ming-Mori Minglanilla Reclamation Project is a joint venture among the local government of Minglanilla and private consortium partners Ming-Mori Development Corp. (MMDC), an affiliate of listed firm CLI, which envisions a world-class estate that will generate over 75,000 jobs in the municipality and its environs while meeting sound environmental guidelines.
The development will now be subject to the approval process of the PRA.
Following a memorandum of agreement between the Municipality of Minglanilla and Ming-Mori Development Corporation in 2013, CLI was appointed in 2015 to tap a roster of consultants with a track record in similar projects to create detailed design and engineering plans, feasibility and environmental studies.
In 2016, a memorandum of understanding was signed between the PRA and the Municipality of Minglanilla with Ming-Mori as its private consortium partner.
“The Covid-19 pandemic has shown us that well-planned communities that offer growth prospects alongside safety and security for employees and residents are the way to go. This township’s residents will have access to those benefits and more,” said CLI chairman Jose “Joe” Soberano in an earlier interview.
The Ming-Mori Techno Business Park will be CLI’s third estate project. The land development of the 22-hectare Davao Global township is ongoing while its planned township in Cagayan de Oro is undergoing approvals.
CLI is also looking at developing more township projects in the cities of Mandaue, Tagbilaran, Cagayan de Oro and Bacolod City.