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.
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.
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.