Another economic zone covering three towns in Bulacan province will soon rise as the local officials recently signed a contract with Chinese investors for the “mega city”.
The P50-billion “mega city” was a business deal signed last month in Loudi City, China between the Bulacan Governor Daniel Fernando and Hunan Governor Xu Dazhe.
Fernando and Pandi Mayor Enrico Roque were the Bulacan delegators who presented themselves during the signing of contract which eyes to develop Pandi, Bocaue, and Balagtas.
Roque, who was the designated economic head of the delegation, said the project will cover 400-hectare area of Bulacan.
According to Fernando, the building of the “mega city” is expected to give 100,000 jobs for local residents, which will be a techno hub with outlet stores, a shopping mall, manufacturing firms, call centers, factory outlets, and warehouse.
However, Roque said the province and Chinese officials still need to finalize the project timetable. Although, a groundbreaking ceremony could happen by early next year, he added.
“I’m confident that the multibillion-peso investment will start the soonest time possible.”
It was October last year in Manila when the initial negotiations for the project was held between the Chinese representatives and Bulacan officials.
Economic zones in Bulacan
Aside from this massive project that will soon rise in Bulacan, a New Manila International Airport funded by the San Miguel Corp. will be in Bulakan, Bulacan as well.
The airport, however, will roughly cover 2,500 hectares of the town, which is 50 kilometers northwest away from Manila. The airport is expected to accommodate more than 100 million passengers.
This soon biggest airport project in the Philippines will be started by the fourth quarter of 2019.