Integrated property and infrastructure developer DM Wenceslao & Associates Inc. (DMW) has proposed two massive reclamation projects, including a 400-hectare reclamation off Manila Bay fronting its flagship estate Aseana City and the neighboring Philippine Amusement & Gaming Corp. (Pagcor) Entertainment City.
The other proposal is for the reclamation of 335 ha of offshore island in Sangley in preparation for the development of the Sangley International Airport.
Based on proposals submitted to the government through the Philippine Reclamation Authority, the government is expected to receive 200 ha at zero cost out of the two reclamation projects.
The proposal in Parañaque is seen to serve as an extension of the previous agreements that the government had with DMW, where the latter was given rights on the frontage of its completed reclamation project, DMW disclosed to the Philippine Stock Exchange.
“We look forward to continuing our work with the government to strengthen the country’s development activities,” DMW chair Delfin Wenceslao Jr. said.
“This 400-ha 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, the Department of Transportation and Department of Finance, the disclosure said.
“We look forward to demonstrate once again our expertise in land reclamation. Over the last 50 years, we have reclaimed more than 2,400,000 square meters of land across the Philippines. We are pleased to draw on that experience to successfully deliver and safely execute these projects,” Wenceslao added.
DMW is an integrated property developer with expertise in land reclamation, construction and real estate development. It is the master developer and primary owner of Aseana City, a development project with a total land area of 107.5 ha located along Manila Bay.
Apart from reclaiming more than 2.4 million sqm of land since 1965, DMW has leased or developed 250,000 sqm of land and buildings, and completed more than 140 construction and infrastructure projects, including large, complex government developments throughout the Philippines.