Deal #6664

Philippines
Created at
2018-12-23
Last update
2023-01-25
Last full update
2023-01-18

Land area

Intended size
3 000 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

Intention of investment
  • [2018, current] Tourism, Other
Comment on intention of investment
An airport will be constructed in the area.

Nature of the deal

Nature of the deal
Concession

Negotiation status

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

Implementation status
  • [2018] Project not started
  • [2021, current] Startup phase (no production)
Comment on implementation status
Construction is expected to start by 2nd quarter of 2021.

Contract farming

Contract farming
No