DM Wenceslao pitches 735-ha Paranaque, Cavite reclamation | Inquirer Business
Close  

DM Wenceslao pitches 735-ha Paranaque, Cavite reclamation

/ 10:21 AM December 19, 2019

Aseana Square Aseana City.

Integrated property and infrastructure developer D.M. Wenceslao & Associates Inc. (DMW) has proposed two massive reclamation projects, including a 400-hectare reclamation in front of Aseana City and the Philippine Amusement & Gaming Corp. (Pagcor) Entertainment City.

The other proposal is for the reclamation of about 335 hectares of offshore island in Sangley, Cavite in preparation for the development of the Sangley International Airport.

ADVERTISEMENT

Based on the proposals submitted to the government through the Philippine Reclamation Authority (PRA), the government is expected to receive 200 hectares at zero cost as its share out of the two reclamation projects, DMW disclosed to the Philippine Stock Exchange on Thursday.

The proposal in Paranaque is seen to serve as an extension of the previous agreements that the government had with DMW, where the latter is given rights on the frontage of its completed reclamation project.

FEATURED STORIES

Since 1965, DMW has reclaimed more than 2.4 million square meters of land off Manila Bay.

DMW chair Delfin Wenceslao Jr. said: “This 400-hectare reclamation project is in line with our thrust to contribute to nation-building. Today, DMW’s completed reclamation project in Parañaque City houses numerous entertainment, gaming and tourism destinations which have become a key driver of growth in the country. It is where Aseana City and Pagcor Entertainment City now stand and where the recently opened Ayala Malls Manila Bay is located.”

The proposed project in Sangley, Cavite is undergoing review by the Office of the President, Department of Transportation and the Department of Finance, the disclosure said.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Cavite, DM Wenceslao, DMW, Parañaque, Reclamation
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.