PROPERTY tycoon Andrew Tan-led Megaworld Corp. is investing P30 billion to develop a 35.6-hectare prime property beside the provincial capitol of the city of San Fernando, Pampanga into its newest township.
This will be the company’s 19th mixed-use estate project in the country, Megaworld said in a press statement on Monday.
The P30 billion investment is expected to be made within a 10-year period.
“As part of our aggressive township expansion across the country, we are happy to announce our entry into Pampanga. This is the perfect time and opportunity to be present in this progressive province, where else but right at the heart of the provincial capital which is a prime location for an urban township development,” said Megaworld senior vice president Jericho Go.
The property is about 70 kilometers away from Manila and closely accessible via the North Luzon Expressway (San Fernando Exit) and the Jose Abad Santos Avenue, also known as the Olongapo-Gapan Road. It is also around 20 kilometers away from Clark International Airport.
“Just like our other townships, we will integrate residential, office, commercial, retail and institutional components in this development. As we see a potential pool of skilled talents for the BPO (business process outsourcing) sector in the province, we are certain to build a cyberpark, bring in our partner locators to the township and generate thousands of jobs for the people of Pampanga,” explained Go.
“This new township is also envisioned to expand and revitalize the Pampanga’s provincial capitol district,” he explained.