Multi-billion business park to rise in Minglanilla

Home of the first world-class theme park in Cebu, the town of Minglanilla in southern Cebu has attracted a major investor to construct a ₱6-billion reclamation project envisioned to modernize the landscape of Minglanilla.

On July 22, 2020, the Department of Environment and Natural Resources (DENR) has issued an environmental compliance certificate to the 100-hectare Ming-Mori Techno Business Park in Cebu. This was according to Cebu Landmasters Inc. (CLI) in a stock exchange meeting over the weekend.

This world-class estate which envisions to provide 75,000 jobs is a joint venture between the local government of Minglanilla and private consortium partners Ming-Mori Development Corp. (MMDC), an affiliate of publicly listed CLI.

One of the major prerequisite of a reclamation project, after ECC, is the approval of the Philippine Reclamation Authority (PRA).

“We hope to achieve the best balance among economic, social, and sustainability goals and are pleased that our plans, which have been aligned to that ideal, passed the test of public hearings and DENR’s stringent review process,”

– Jose Soberano III, CLI chairman, and CEO

Mayor Elanito Peña of Minglanilla said, “the grant of the ECC has brought us closer to the materialization of the reclamation project which will propel the municipality of Minglanilla to higher heights and cements its role as a major economic player in the province of Cebu”.

After the memorandum of agreement between Minglanilla and MMDC in 2013, CLI was appointed to tap a roster of consultants with a track record in similar projects in 2015.

PRA and Minglanilla, with Ming-Mori as its private consortium partner, signed a memorandum of understanding in 2016.

In addition to housing light industrial facilities, Soberano said that the future mixed-use township will also bring residential and commercial properties.

“The Covid-19 (coronavirus disease 2019) pandemic has shown us that well-planned communities that offer growth prospects alongside safety and security for employees and residents are the way to go. This township’s residents will have access to those benefits and more,” he explained.

The Ming-Mori Techno Business Park will be CLI’s third estate project. Land development of the 22-hectare Davao Global township is ongoing while its planned township in Cagayan de Oro is undergoing approvals.