CLARK FREEPORT, Pampanga — An international investor will pour $400 million for the construction of a world-class tourism estate, including recreational and leisure projects inside this premier port, the Clark Development Corporation (CDC) reported Thursday.
Tagged as the new leader in tourism complex inside Clark, the Donggwang Clark Corporation (DCC) has broken ground for the construction of a P200-million golf clubhouse in a 304-hectare tourism estate where a new golf course at the former True North will also be constructed.
DCC Chairman Lee Shin Kun said the project consists of a 36-hole golf course, clubhouse, condominium with 330 rooms, a water park, spa and gymnasium, eco park, business center, store and function, international school, golf academy and driving range, clinic and drug store, hotel, casino, 500-unit villas and shopping arcade.
Lee told CDC President and Chief Executive Officer Felipe Antonio B. Remollo, who was the guest of honor during the rites, that the DCC tourism estate project is expected to be completed by the year 2016 and would employ more than 2,000 workers. Lee said the tourism estate is expected to draw more foreign and local tourists in Clark.
Meanwhile, the CDC said Tower 1 and 2 of Donggwang’s Clark ODE County Officetel has also been inaugurated before the groundbreaking ceremonies at the former True North area. Tower 3 is expected to be completed before the end of the year.
“The leisure community project aims to increase tourism and economic activities in the Central Luzon region and to provide employment and job creation during construction and operation phases of the project,” the CDC added.
The South Korean firm also told Remollo that the 10-story building is worth $30 million and will house an officetel, condotel, hotel and casino. The DCC is the Philippine subsidiary of Donggwang Construction in South Korea.
The CDC said the construction of the officetel will generate about 730 jobs for Filipinos in the area.
The DCC also currently owns and operates three golf courses and condotels in South Korea, the CDC said.
Meanwhile, the South Korean government has provided a $3-million grant for the construction of the Cavite Collaboration Center for Public Health at the General Emilio Aguinaldo Memorial Hospital compound in this city.
Korea International Cooperation Agency (KOICA) Vice President Jong Seon Lee, a representative of the Korean government, and Gov. Juanito Victor “Jonvic” Remulla Jr. led Thursday the groundbreaking ceremony for the Center which will help address public health concerns in the province.
Aside from the Center construction, the grant will also be used for the procurement of equipment and training of Center staff officers and personnel by Korean experts.
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By: Mark Anthony N. Manuel and Franco G. Regala with a report from Anthony Giron
Source: Manila Bulletin, March 22, 2012
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