B y James A. Loyola
D.M. Wenceslao & Associates, Inc. is proposing to undertake reclamation projects in Parañaque City and Cavite with the Philippine Reclamation Authority (PRA).
In a disclosure to the Philippine Stock Exchange, DMW said the project in Parañaque City is an additional 400 hectares of land in front of Aseana City and Entertainment City.
The proposal contains two reclamation areas where the government is expected to receive 200 hectares at zero cost to it.
It serves as an extension of the previous agreements that the government has with DMW where the latter is given rights on the frontage of its completed reclamation project.
“We look forward to continuing our work with the government to strengthen the country’s development activities,” DMW Chairman Delfin J. Wenceslao, Jr. said.
He added that, “This 400-hectare reclamation project is in line with our thrust to contribute to nation-building.”
Wenceslao noted that, “Today, DMW’s completed reclamation project in Parañaque City houses numerous entertainment, gaming and tourism destinations which have become a key driver of growth in the country. It is where Aseana City and PAGCOR Entertainment City now stand and where the recently opened Ayala Malls Manila Bay is located.”
In Cavite, the proposed project is for the reclamation of approximately 335 hectares of offshore island in Sangley in preparation for the development of the Sangley International Airport.
The proposal is undergoing review by the Office of the President, Department of Transportation and the Department of Finance.
“We look forward to demonstrate once again our expertise in land reclamation. Over the last 50 years, we have reclaimed more than 2,400,000 square meters (sq.m.) of land across the Philippines. We are pleased to draw on that experience to successfully deliver and safely execute these projects,” said Wenceslao.