Business World

Fisheries, Bulacan airport projects seen poised to resume after lifting of freeze on reclamatio­n

- Rose A. Inosante Aubrey

THE Philippine Reclamatio­n Authority (PRA) said three reclamatio­n projects have a good chance of resuming this year when the suspension on reclamatio­n projects is lifted, including fisheries-related projects in Bacoor and Navotas and a logistics project that forms a part of the Bulacan airport developmen­t.

“The Bacoor project is only 90 hectares, but it will have a big impact since it addresses food security... I think (it may resume) within this quarter or next quarter,” PRA Assistant General Manager for Reclamatio­n and Regulation Joseph John M. Literal said in a briefing.

Mr. Literal is referring to the Bacoor Inner Island Project. The second is the 15.62-hectare reclamatio­n works at the Navotas Fish Port Complex, while the third is the 650-hectare air support facility for Bulacan Airport.

The PRA said it’s currently expecting the review of the Bacoor project, a joint venture with Frabelle Fishing Corp., to be completed by the Department of Environmen­t and Natural Resources within the quarter.

Asked about the status of the Navotas project, he said the review of the engineerin­g design and pre-constructi­on documents is expected next.

For the Bulacan airport project, he said the site is now being prepared as a logistics hub for the airport rather than the mixed-use developmen­t originally planned.

Mr. Literal also added that the 148-hectare Manila Solar

City project has a Notice to Proceed, also making it wellplaced to receive approval to resume.

He said Manila Solar City’s pre-constructi­on documents are currently under review by the PRA, while the proponent is working on meeting the requiremen­ts of the Environmen­tal Compliance Certificat­e.

At the briefing, the PRA reported a 2023 unaudited asset value of P150 billion, buoyed by improved appraisals. —

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