The provincial government of Davao Oriental, in a determined effort to push for economic development of the province, is ready to launch what promises to be the biggest industrial park in the Davao Region this month.
The Davao Oriental Industrial Park, a public-private partnership between the province and a company called Pionaire Finance Limited and its partners, will be launched in formal groundbreaking ceremony in the municipality of Banaybanay, where the park will be located on March 21.
The groundbreaking rite will be preceded by a business conference a day earlier, on Tuesday, March 20, at the grand ballroom of Marco Polo Hotel in Davao City, officials of the province headed by Gov. Nelson Dayanghirang and Pionaire Finance Limited and Partners will discuss details of the PPP which will reportedly involve investments estimated to be US$ 27 billion.
A press conference is scheduled to follow.
The groundbreaking ceremony will be held in the covered court of Barangay Maputi, Banaybanay at 9 o’clock in the morning of March 21.
According to Ms Karen Lou Deloso, Davao Oriental supervising administrative officer, the industrial park will initially cover some 1,500 hectares to be declared as economic free trade zone located between Barangay Maputi and Barangay Piso in Banaybanay within a five-mile of coastline.
SAO Deloso said industries being eyed to be put up here include the following:
- 2700 MW LNG Combined Cycle Power plant
- LNG Storage and Receiving terminal
- LPG storage and Receiving terminal
- Regasification Facility
- 400,000 Barrels Stream per day Crude Oil Refinery
- 10 Million MT Storage Tanks and Terminal for Crude oil, Petrochemical/ Petroleum products
- Petrochemical Plants
- Chemical Industrial park
- Cement Plant
- Steel Plant
- WaterGen Manufacturing
- International Port and Cargo Terminal
- Light Industry
- Textile Park
- Mechanical Park
- Electronic and Construction Materials
- Agribusiness Park
- Logistic and Commercial Park
- Manufacturing Facilities for Prefabricated homes
“We believe that this project is fully aligned with the national government’s Build, Build, Build agenda and its vision of enhancing economic governance, investing in sustainable growth and competitiveness and integration,” said Deloso who is also the provincial information officer.
