A $27-billion industrial park to be established in the province of Davao Oriental is expected to generate around 15,000 jobs.
Ednar G. Dayanghirang, chief of staff of Davao Oriental Gov. Nelson Dayanghirang and the governor’s representative to the industrial park, said the province and its partners are now identifying all the close to 2,000 hectares required in the development of the industrial park in barangay Maputi and Piso in the town of Banaybanay.
According to Dayanghirang, the project was categorized under a Public-Private Partnership (PPP) scheme between the provincial government of Davao Occidental and Pionaire Finance Limited, a Hong Kong-based firm.
“The project will enhance the province’s infrastructure system and competitiveness as an investment destination and it will have an impact especially on employment,” Dayanghirang said.
Part of the plan is to establish an international port for cargo vessels in Banaybanay which is facing the Davao Gulf.
“The project includes liquefied natural gas storage and processing facility, oil refinery and petrochemical plant, oil, tanking, and a 1,700-megawatt LNG combined cycle power plant, among others,” according to Governor Dayaghirang himself in a speech during the groundbreaking ceremony for the industrial park sometime last month.
He said that the project which is one of the biggest investments in Mindanao is set to benefit not only the province of Davao Oriental and Mindanao but also the rest of the country.
The soon-to-rise industrial park will also feature LNG and LPG Storage and Receiving terminals, Regasification Facility; 10 million MT Storage Tanks and Terminal for crude oil, Steel Plant, International Port and Cargo Terminal, Light Industry, Textile Park, Mechanical Park, Electronic and Construction Materails, Agribusiness Park, Logistic and Commercial Park and Manufacturing Facilities for Prefabricated homes.
Meanwhile, Ednar Dayanghirang said that a series of forums and studies are set to ensue following the initial conference to come up with an agreement that will cement the commitment of all stakeholders.
He said among the group he has met so far is Gawad Kalinga which is being consulted in the housing to be provided by the industrial park to those to be affected by its development.