PGMA to bring investment mission to Davao
Davao City (13 February) -- On her next visit to Davao City, President Gloria Macapagal-Arroyo will be bringing an investment mission of overseas Chinese entrepreneurs interested in agri-business in an effort to promote Mindanao as an agri-business area.
he President will be joining the investors in a lunch at Pearl Farm at the Island Garden City of Samal and "I will bring them to various areas chosen by the Department of Agriculture to be a good place for investing livestock and aquaculture."
However, she wanted to make sure that agri-support infrastructure developments in the Davao Region will not be in conflict with the tourism plans for the Island Garden City of Samal.
The President will be bringing in the Chinese investors now that the Davao International Port development has been put in place and that the Davao roll-on, roll-off system has been set up.
President was in Davao City yesterday (Friday) to inaugurate the newly completed P400 million worth Davao Port expansion project and for the groundbreaking of the proposed P870 million Passenger Terminal Building project.
The P400 million port expansion project includes the construction of 3,179 square meter reinforced concrete wharf; 13,180 square meter back-up area, mooring and fendering area, drainage system, port lighting and rock works.
The Passenger Terminal Building project will include development of parking areas and a Ro-Ro ramp; a greeter building and a gate complex.
In a brief interaction with media practitioners, the President told them of the initial plans of the national government to establish a RoRo system from Davao to Samal to Lupon in Davao Oriental.
However, she said that "the best way to bring the traffic from the Southwestern Mindanao to the Davao International Port and the best route would be from Pantukan" (in Compostela Valley.)
Information sheets of the Philippine Ports Authority (PPA) Southern Mindanao Port District said that PPA has already completed the Davao Ro-Ro system related projects for possible lateral links which include the Babak port in Samal; Banay-Banay and San Isidro ports in Davao Oriental. (PIA) [top]