Ayala Land allots P1 billion for initial development of Sicogon Island in Iloilo
By VG Cabuag - JUNE 15, 20170905
AYALA Land Inc. said it is spending P1 billion to initially develop Sicogon Island Tourism Estate in Iloilo.
Together with joint-venture partner Sicogon Island Development Corp., the company is putting up mixed-use commercial and residential establishments and an integrated transport system that will cater to a mix of local and international markets. The first phase of the development will include the construction of a 1.3-kilometer runway and airport facility, as well as a jetty port set to open in 2017. The estate will also have a resort-town center with retail shops surrounding a 4.3-hectare lagoon, and a series of accommodations, including a bed and breakfast, a budget-friendly hostel and a 50-room boutique hotel with direct access to a 5-kilometer coastline.
“An initial investment of P1 billion was allocated for infrastructure and other development projects in Sicogon Island,” the company said.
It said the Sicogon development is envisioned to be a model for sustainable planning and construction. Its retail shops and beachfront hotels will only have three floors and will have a setback of at least 40 meters from the coastline. A total of 282 hectares will be kept as protected forested area.
“All our efforts are geared toward upholding responsible ecotourism, as well as bringing about inclusive growth in communities such as Sicogon,” said Ryan Ybanez, general manager of Sicogon Island Tourism Estate Corp.
More HERE.
:cheers:
By VG Cabuag - JUNE 15, 20170905
AYALA Land Inc. said it is spending P1 billion to initially develop Sicogon Island Tourism Estate in Iloilo.
Together with joint-venture partner Sicogon Island Development Corp., the company is putting up mixed-use commercial and residential establishments and an integrated transport system that will cater to a mix of local and international markets. The first phase of the development will include the construction of a 1.3-kilometer runway and airport facility, as well as a jetty port set to open in 2017. The estate will also have a resort-town center with retail shops surrounding a 4.3-hectare lagoon, and a series of accommodations, including a bed and breakfast, a budget-friendly hostel and a 50-room boutique hotel with direct access to a 5-kilometer coastline.
“An initial investment of P1 billion was allocated for infrastructure and other development projects in Sicogon Island,” the company said.
It said the Sicogon development is envisioned to be a model for sustainable planning and construction. Its retail shops and beachfront hotels will only have three floors and will have a setback of at least 40 meters from the coastline. A total of 282 hectares will be kept as protected forested area.
“All our efforts are geared toward upholding responsible ecotourism, as well as bringing about inclusive growth in communities such as Sicogon,” said Ryan Ybanez, general manager of Sicogon Island Tourism Estate Corp.
More HERE.
:cheers:
