Author: Elaine Ruzul S. Ramos
Date: July 19, 2007
Malacañang has issued an executive order converting Cavite City’s Sangley Point, home of the Philippine Navy, into a fully operational commercial port.
Trade and Industry Secretary Peter Favila told reporters yesterday the directive would facilitate the proposed multi-billion dollar investment in the country of China Ocean Shipping Co., the world’s second-largest shipping company.
Executive Order 629, signed by President Gloria Macapagal Arroyo on June 21, 2007, ordered the Philippine Reclamation Authority to convert Sangley Point in Cavite City into an international logistics hub with modern seaport and airport through an enabling reclamation component.
Favila said President Arroyo issued the directive following the request of Senator Ramon Revilla Jr. for a speedier development of infrastructure in his home province.
President Arroyo directed the Philippine Reclamation Authority to develop the Sangley Point into an international logistics hub with container port and airport complex and an economic processing zone with cyber or technoparks through a private sector joint venture, or build-operate-transfer scheme.
She created an executive committee to oversee the planning and implementation of the project, composed of the PRA, representative of the Office of the Mayor of Cavite City and various government agencies.
Favila said the chief executive of Cosco had committed to invest between $4 billion and $5 billion to develop Sangley Point into a commercial port.
Captain Wei Jiafu, chief executive and executive president of the Cosco Group, came to the Philippines a month ago to seek audience with Malacañang for the company’s plans to put up an integrated logistics hub in the country.
Favila said the company, after doing a study on its own, had finally chosen Sangley Point as the location for its proposed hub.
“To convert Sangley Point into a fully commercial port, they have to do some reclamation. Cosco will co-exist with the Navy,” said Favila.
He said the company had yet to disclose details but Cosco officials were flying in next week to firm up investment plans in the country.
“The Chinese want to do it yesterday,” Favila said when asked when Cosco plans to begin with the development of the port.
The Cosco Group owns and operates a fleet of 770 vessels with a combined tonnage of more than 47 million deadweight tons. It is involved in global logistics, shipbuilding, ship repair, terminal operations, trade, financing, real estate and information technology.
The President as early as 2002 had approved the creation of an inter-agency committee for the preparation of a pre-feasibility study on the economic viability, environmental impact, and social and political acceptability of the Sangley Point Development Project in Cavite.
The development involves the reclamation of some 4,000 hectares around Sangley Point for mixed-use development. It features a modern naval and air base, regional hub seaport capable of servicing giant super panamax container ships, an international airport, housing and livelihood facilities, commercial and industrial areas, schools, hospitals and other institutional facilities, parks, playgrounds and other amenities and roads and rail system.
Trade and Industry Secretary Peter Favila told reporters yesterday the directive would facilitate the proposed multi-billion dollar investment in the country of China Ocean Shipping Co., the world’s second-largest shipping company.
Executive Order 629, signed by President Gloria Macapagal Arroyo on June 21, 2007, ordered the Philippine Reclamation Authority to convert Sangley Point in Cavite City into an international logistics hub with modern seaport and airport through an enabling reclamation component.
Favila said President Arroyo issued the directive following the request of Senator Ramon Revilla Jr. for a speedier development of infrastructure in his home province.
President Arroyo directed the Philippine Reclamation Authority to develop the Sangley Point into an international logistics hub with container port and airport complex and an economic processing zone with cyber or technoparks through a private sector joint venture, or build-operate-transfer scheme.
She created an executive committee to oversee the planning and implementation of the project, composed of the PRA, representative of the Office of the Mayor of Cavite City and various government agencies.
Favila said the chief executive of Cosco had committed to invest between $4 billion and $5 billion to develop Sangley Point into a commercial port.
Captain Wei Jiafu, chief executive and executive president of the Cosco Group, came to the Philippines a month ago to seek audience with Malacañang for the company’s plans to put up an integrated logistics hub in the country.
Favila said the company, after doing a study on its own, had finally chosen Sangley Point as the location for its proposed hub.
“To convert Sangley Point into a fully commercial port, they have to do some reclamation. Cosco will co-exist with the Navy,” said Favila.
He said the company had yet to disclose details but Cosco officials were flying in next week to firm up investment plans in the country.
“The Chinese want to do it yesterday,” Favila said when asked when Cosco plans to begin with the development of the port.
The Cosco Group owns and operates a fleet of 770 vessels with a combined tonnage of more than 47 million deadweight tons. It is involved in global logistics, shipbuilding, ship repair, terminal operations, trade, financing, real estate and information technology.
The President as early as 2002 had approved the creation of an inter-agency committee for the preparation of a pre-feasibility study on the economic viability, environmental impact, and social and political acceptability of the Sangley Point Development Project in Cavite.
The development involves the reclamation of some 4,000 hectares around Sangley Point for mixed-use development. It features a modern naval and air base, regional hub seaport capable of servicing giant super panamax container ships, an international airport, housing and livelihood facilities, commercial and industrial areas, schools, hospitals and other institutional facilities, parks, playgrounds and other amenities and roads and rail system.
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