CALAPAN CITY, Oriental Mindoro – All systems go for the multi-million agri-aqua marine concession project in Gloria town which will be funded solely by a consortium of private and public entities in Japan.
Gloria town Mayor German Rodegerio said that after a series of public consultations, all the necessary endorsements of the local legislative board including the barangay have been put in place to start the project within the first quarter of this year.
The Japanese government entity, Tokushima Auction Market, through its subsidiary and project engineering consultancy firm, GTV Global Trade Venture Company Ltd. (TAM-GTV), aims to establish organic agriculture and aquamarine industry in the Philippines.
Under-productive and idle farmlands, and fishing grounds will be utilized in the project based on concession agreements.
Kazuo Sato, senior consultant of TAM-GTV, said the project in Barangay Manguyang, a rural area located some seven kilometers from the main town site of Gloria, is part of the five Philippine-Japan Concession Projects with estimated total investment of $7.5 billion.
The other concession projects are: Philippine-Japan Aqua Parks and Air Logistics, Philippine-Japan Digital Satellite Datalink Service Network, Philippine-Japan Regional Medical Care Center and Philippine-Japan Artificial Parks.
TAM-GTV has also entered a mega joint venture deal with the town of Baler, Aurora province for the Luzon East Runway Project, a floating runway project to serve as a taxiway for landing and take-offs of huge cargo planes.
Sato said they need to complete the facilities in Mindoro within 24 months as they eye to tap at least 25,000 employees, skilled and laborers.
“We are willing to assist and to work with you to fully develop your agriculture industry,” Sato told a group of attendees during the first meeting of the youth committee for the Mindoro Agri Aqua-Marine Foundation on Feb. 12 in Barangay Manguyang.
The project will also use a digital datalink satellite communications system, artificial intelligence (AI) precision concepts as well as nanotech and robotics alongside technical support to the host local government units and stakeholders.
Training schools and universities will be tapped to further train and hone the manpower requirement of the industry and necessary facilities such as processing plants, cold storage rooms, power generation plants which will be built in the project site.
TAM-GTV executives have also sought the support of Japanese LGUs and business groups including the Japanese Chamber of Commerce.