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Deal #6664 Version #76479

Philippines

Created at

2018-12-23

Last update

2021-09-21

Last full update

2023-01-18

Land area

Intended size

2 500 ha

Comment on land area

About 2,070 hectares of privately owned fishponds in the villages of Bambang and Taliptip will be developed to give way to the project of the company. The proposed project is said to be built in the 3,000-hectare fishponds which the fishermen mostly rely on as source of their livelihood.

Intention of investment

[2018, current] Tourism, Other

Comment on intention of investment

An airport will be constructed in the area.

Nature of the deal

Concession

Negotiation status

[2018] Intended (Under negotiation)
[2020, current] Concluded (Contract signed)

Comment on negotiation status

Congress grandted proponent San Miguel Corp. legislative franchise for the construction, operation, and maintenance of the airport.

Implementation status

[2018] Project not started
[2021, current] Startup phase (no production)

Comment on implementation status