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By Darwin G. Amojelar, Reporter
THE board of the National Economic and
Development Authority (NEDA) on Tuesday approved the guidelines
covering government and private sector partnerships, paving the way
for the investment of a Chinese real estate firm in a prime lot at
the Bonifacio Global City in Taguig City.
Acting Socioeconomic Planning Secretary Augusto
Santos said the NEDA board has approved the guidelines for all
negotiated projects that government agencies and private sector
firms will undertake as joint ventures.
Santos said the approved guidelines will pave
the way for the development of the $2-billion project at the
Bonifacio Global City proposed by Chinese real-estate giant Shimao
Property Holdings Ltd.
“With the approval of the guidelines, the [Shimao]
project may push through,” he said.
Besides developing a property in Taguig, the
Chinese firm is also planning a 500-room resort with two towers in
Calicoan Island in Guiuan, Eastern Samar.
Earlier, NEDA announced 10 priority projects
that will be implemented through public and private partnerships.
These are the Operation & Maintenance (O&M) of the
Subic-Clark-Tarlac Expressway (SCTEx); the 300-million-liter water
per day (MLD) project of the Metropolitan Waterworks and Sewerage
System (MWSS) worth P5.20 billion; the 50-MLD Wawa River Project
worth P1.95 billion; and the Department of Energy’s Power Capacity
Requirements for the Luzon Grid of 1,950 megawatts (MW) from 2010 to
2014, Visayas Grid of 820 MW from 2011 to 2014, and Mindanao Grid,
850 MW from 2009 to 2014.
The 10 projects are included in the updated
P2.06-trillion worth Comprehensive Infrastructure Investment
Program, which identifies the government’s major infrastructure
projects to be implemented from 2007 until beyond 2010.
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