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Total funding amounts to $125.3M.
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HERO RESIDENCES MINGLANILLA CEBU preselling house and lot
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PRA Greenlights CLI's - Ming-Mori Techno Business Park
PRA Greenlights CLI's - Ming-Mori Techno Business Park
by James A. Loyola | Manila Bulletin | October 6, 2021
The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project – Ming-Mori Techno Business Park, where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park.
In a disclosure to the Philippine Stock Exchange, CLI said the reclamation project is being proposed by the Municipality of Minglanilla, Cebu in partnership with Ming-Mori Development Corporation (MMDC), a subsidiary of CLI.
In its Resolution 5389 series of 2021, the PRA Board of Directors unanimously approved the NTP, which will pave the way for the creation of a techno-business hub in Minglanilla with a fully integrated port facility.
The township development also features commercial, industrial, civic, and recreational components to create a thriving and self-sustaining environment. It is estimated to generate over 75,000 jobs in light manufacturing industries.
In August 2021, CLI increased its stake in MMDC to 80 percent in order to strengthen its position as developer and project manager of this township development.
Minglanilla and MMDC obtained project approval from PRA back in June, following a 5-year comprehensive review including the issuance of Environmental Compliance Certificate.
The process involved extensive consultation with a wide range of stakeholders as well as submission of development objectives demonstrating environmental responsiveness.
The bidding and awarding of contracts to contractors and suppliers is scheduled in the fourth quarter this year while actual reclamation is targeted by the first half of 2022.
Ming-Mori Techno Business Park is CLI’s third large-scale township project after those in Davao and Cagayan de Oro.
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PRA Greenlights CLI's - Ming-Mori Techno Business Park
PRA Greenlights CLI's - Ming-Mori Techno Business Park
by James A. Loyola | Manila Bulletin | October 6, 2021
The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project – Ming-Mori Techno Business Park, where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park.
In a disclosure to the Philippine Stock Exchange, CLI said the reclamation project is being proposed by the Municipality of Minglanilla, Cebu in partnership with Ming-Mori Development Corporation (MMDC), a subsidiary of CLI.
In its Resolution 5389 series of 2021, the PRA Board of Directors unanimously approved the NTP, which will pave the way for the creation of a techno-business hub in Minglanilla with a fully integrated port facility.
The township development also features commercial, industrial, civic, and recreational components to create a thriving and self-sustaining environment. It is estimated to generate over 75,000 jobs in light manufacturing industries.
In August 2021, CLI increased its stake in MMDC to 80 percent in order to strengthen its position as developer and project manager of this township development.
Minglanilla and MMDC obtained project approval from PRA back in June, following a 5-year comprehensive review including the issuance of Environmental Compliance Certificate.
The process involved extensive consultation with a wide range of stakeholders as well as submission of development objectives demonstrating environmental responsiveness.
The bidding and awarding of contracts to contractors and suppliers is scheduled in the fourth quarter this year while actual reclamation is targeted by the first half of 2022.
Ming-Mori Techno Business Park is CLI’s third large-scale township project after those in Davao and Cagayan de Oro.
0 notes
Text
PRA Greenlights CLI's - Ming-Mori Techno Business Park
by James A. Loyola | Manila Bulletin | October 6, 2021
The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project – Ming-Mori Techno Business Park, where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park.
In a disclosure to the Philippine Stock Exchange, CLI said the reclamation project is being proposed by the Municipality of Minglanilla, Cebu in partnership with Ming-Mori Development Corporation (MMDC), a subsidiary of CLI.
In its Resolution 5389 series of 2021, the PRA Board of Directors unanimously approved the NTP, which will pave the way for the creation of a techno-business hub in Minglanilla with a fully integrated port facility.
The township development also features commercial, industrial, civic, and recreational components to create a thriving and self-sustaining environment. It is estimated to generate over 75,000 jobs in light manufacturing industries.
In August 2021, CLI increased its stake in MMDC to 80 percent in order to strengthen its position as developer and project manager of this township development.
Minglanilla and MMDC obtained project approval from PRA back in June, following a 5-year comprehensive review including the issuance of Environmental Compliance Certificate.
The process involved extensive consultation with a wide range of stakeholders as well as submission of development objectives demonstrating environmental responsiveness.
The bidding and awarding of contracts to contractors and suppliers is scheduled in the fourth quarter this year while actual reclamation is targeted by the first half of 2022.
Ming-Mori Techno Business Park is CLI’s third large-scale township project after those in Davao and Cagayan de Oro.
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P20-B Cebu town reclamation project gets PRA nod FUTURE BIZ HUB. Photo shows an architect’s perspective of the Ming-Mori Techno-Business Park, a joint project of the town of Minglanilla in southern Cebu... https://trendingph.net/p20-b-cebu-town-reclamation-project-gets-pra-nod/?feed_id=250456&_unique_id=60c30ea1d8121 #cebu #nod #p20b #philippinenews #philippinesnews #pra #project #reclamation #town #trendingph
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Cebu town reclamation project gets green light from DENR
#PHnews: Cebu town reclamation project gets green light from DENR
CEBU CITY – The 100-hectare reclamation project in Minglanilla town, 15-kilometers south of this city, is finally pushing through after obtaining an Environmental Compliance Certificate (ECC) from the Department of Environment and Natural Resources (DENR).
In a stock exchange disclosure over the weekend, project developer Cebu Landmasters Inc. (CLI) announced the ECC was issued in favor of the project last July 22 following a comprehensive two-year review.
Dubbed as Ming-Mori Techno Business Park, the project is a joint venture between the local government of Minglanilla and private consortium partners Ming-Mori Development Corp. (MMDC), an affiliate of publicly listed CLI.
It is envisioning a world-class estate that will generate over 75,000 jobs in the municipality.
The development will now be subject to the approval process of the Philippine Reclamation Authority (PRA) after the issuance of the ECC, one of the major prerequisites and milestones of a reclamation project.
“We hope to achieve the best balance among economic, social, and sustainability goals and are pleased that our plans, which have been aligned to that ideal, passed the test of public hearings and DENR’s stringent review process,” Jose Soberano III, CLI chairman, and CEO said.
Mayor Elanito Peña of Minglanilla said, “the grant of the ECC has brought us closer to the materialization of the reclamation project which will propel the municipality of Minglanilla to higher heights and cements its role as a major economic player in the province of Cebu”.
“The development project will not just modernize the landscape of Minglanilla but will also create immeasurable socio-economic opportunities to all people, not just for the Minglanillahanons,” Peña added.
Following a memorandum of agreement between the municipality of Minglanilla and MMDC in 2013, CLI was appointed in 2015 to tap a roster of consultants with a track record in similar projects to create detailed design and engineering plans, feasibility and environmental studies.
In 2016, a memorandum of understanding was signed between the PRA and the municipal government with Ming-Mori as its private consortium partner.
Soberano said that in addition to housing light industrial facilities, the future mixed-use township will also bring residential and commercial properties.
“The Covid-19 (coronavirus disease 2019) pandemic has shown us that well-planned communities that offer growth prospects alongside safety and security for employees and residents are the way to go. This township’s residents will have access to those benefits and more,” he explained.
The Ming-Mori Techno Business Park will be CLI’s third estate project. Land development of the 22-hectare Davao Global township is ongoing while its planned township in Cagayan de Oro is undergoing approvals.
CLI said more township projects are underway in the cities of Mandaue, Tagbilaran, Cagayan de Oro, and Bacolod City. (PNA)
***
References:
* Philippine News Agency. " Cebu town reclamation project gets green light from DENR." Philippine News Agency. https://www.pna.gov.ph/articles/1110152 (accessed July 27, 2020 at 09:16PM UTC+14).
* Philippine News Agency. " Cebu town reclamation project gets green light from DENR." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1110152 (archived).
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PRA Greenlights CLI's - Ming-Mori Techno Business Park
PRA Greenlights CLI's - Ming-Mori Techno Business Park
by James A. Loyola | Manila Bulletin | October 6, 2021
The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project – Ming-Mori Techno Business Park, where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park.
In a disclosure to the Philippine Stock Exchange, CLI said the reclamation project is being proposed by the Municipality of Minglanilla, Cebu in partnership with Ming-Mori Development Corporation (MMDC), a subsidiary of CLI.
In its Resolution 5389 series of 2021, the PRA Board of Directors unanimously approved the NTP, which will pave the way for the creation of a techno-business hub in Minglanilla with a fully integrated port facility.
The township development also features commercial, industrial, civic, and recreational components to create a thriving and self-sustaining environment. It is estimated to generate over 75,000 jobs in light manufacturing industries.
In August 2021, CLI increased its stake in MMDC to 80 percent in order to strengthen its position as developer and project manager of this township development.
Minglanilla and MMDC obtained project approval from PRA back in June, following a 5-year comprehensive review including the issuance of Environmental Compliance Certificate.
The process involved extensive consultation with a wide range of stakeholders as well as submission of development objectives demonstrating environmental responsiveness.
The bidding and awarding of contracts to contractors and suppliers is scheduled in the fourth quarter this year while actual reclamation is targeted by the first half of 2022.
Ming-Mori Techno Business Park is CLI’s third large-scale township project after those in Davao and Cagayan de Oro.
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Photo
P20 billion Cebu reclamation project gets govt approvals Illustration of the 100-hectare Minglanilla Techno Business Park (Ming-Mori). Handout MANILA - The Philippine Reclamation Authority (PRA), partner developers, and the local government of Minglanilla in Cebu have signed a "milestone" memoran... https://trendingph.net/p20-billion-cebu-reclamation-project-gets-govt-approvals/?feed_id=250384&_unique_id=60c3000fcf308 #approvals #billion #cebu #govt #p20 #philippinenews #philippinesnews #project #reclamation #trendingph
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