Exec: Bet­ter con­nec­tion, more in­vest­ments

Sun.Star Cagayan de Oro - - Business -

INTERCONNECTIVITY through cre­ation of more rail­roads, bridges, air­ports and sea­ports are seen as foun­da­tion in at­tract­ing more in­vest­ments and busi­ness de­vel­op­ments in Min­danao, a gov­ern­ment of­fi­cial said.

Reyzaldy Tan, Min­danao De­vel­op­ment Au­thor­ity (Minda) pol­icy, plan­ning, and pro­ject de­vel­op­ment of­fi­cer di­rec­tor, said if busi­ness in­vestors could eas­ily lo­cate their fu­ture busi­nesses in Min­danao through an easy and ef­fi­cient trans­porta­tion then in­vest­ments could eas­ily be cre­ated in Min­danao, which can help cre­ate more jobs to Min­dana­wons.

Tan added that Minda is hope­ful that with the con­struc­tion of the P35.9bil­lion Min­danao Rail­way pro­ject next year; this could en­tice more de­vel­op­ments in Min­danao.

He also said if there are more roads which can serve as links to other prov­inces, then more places in Min­danao can be aided to­wards eco­nomic de­vel­op­ment and not just the big cities in the is­land.

Mean­while, Tan said Minda con­tin­ues to ad­dress the is­sue on con­nec­tiv­ity through the Min­danao De­vel­op­ment Cor­ri­dor Strat­egy. These de­vel­op­ment cor­ri­dors are grouped into four: West­ern Min­danao De­vel­op­ment Cor­ri­dor, North­ern Min­danao De­vel­op­ment Cor­ri­dor, South-Cen­tral Min­danao De­vel­op­ment Cor­ri­dor, and Bangsamoro De­vel­op­ment Cor­ri­dor.

WMDC serves as the mar­i­cul­ture and trade clus­ter cen­ter as it serves to be the top pro­ducer of fish­ery-based prod­ucts like sea­weed.

NMDC as Min­danao’s do­mes­tic gate­way mar­kets to Lu­zon and Visayas, serves as busi­ness and in­dus­trial trade clus­ter cen­ter. It has a po­ten­tial to be­come a lo­gis­tics hub as it hosts the Laguindin­gan Air­port and the Min­danao In­te­grated Con­tainer Ter­mi­nal.

With the rich agri­cul­ture plains and pro­duc­tiv­ity of south­ern Min­danao, SCMDC serves as the food bas­ket clus­ter cen­ter while BDC cov­ers de­vel­op­ment which will ad­dress con­cerns of de­vel­op­ment spe­cific to the Bangsamoro com­mu­nity. (GAD)

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.