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CLARK FREEPORT -- A top official of the Global Gateway Development Corporation (GGDC) revealed on Wednesday that The Medical City Clark (TMCC) will be completed and will open on December 8 this year.
GGDC president and chief executive officer Mark Williams said, "The Medical City is actually going forward, despite of what you're hearing in the press. It will open as scheduled." The main contractor of the hospital made a commitment to finish the project on time. "Last week, the contractor which doing the hospital, SC Megaworld reiterated their commitment to us directly that this hospital will be finished on time," Williams said. Williams issued the statement during Wednesday's forum "Talk Widus" organized by the Pampanga Press Club. "We are accelerating the development and putting on the finishing touches in TMCC and we are committed to December 2014 as the opening date to the public," Williams said. The GGDC official said they are asserting operational control over the 177-hectare Global Gateway Logistics City (GGLC). "As of last Thursday, we are on the site. We have 30 to 45 hectares fully rehabilitated," Williams said. Police reportedly ordered Herstal Security, the security firm hired by Peregrine Development International Incorporated (Peregrine), to allow GGDC officers and contractors to have access to the project site and continue works on the project. This, after the Court of Appeals issued a 60-day temporary restraining order against Peregrine and a directive by the Regional Trial Court (RTC) in Angeles City. "The TRO issued by the CA effectively affirmed GGDC's rights as owner of the GGLC project to hire contractors of its choice," Williams said. GGDC was originally founded by The Port Fund, a private equity fund managed by the KGL Investment Company composed mostly of investors from government entities in Kuwait and other GCC countries. GGDC has invested over $100 million in GGLC, which is considered a major development project conceived by the Philippine government and designed by best Filipino architects and urban planners, according to Williams. Its completion will result to more than 300,000 jobs and annual payroll of $600 million, he said. “Very soon, we are starting the construction of five buildings adjacent to TMCC with about 10 to 12 floors each. We have earmarked another $150 million for these buildings and we envision finishing them by end of 2015,” Williams said. Williams also reiterated their company’s commitment to create an investment area and provide employment to thousands of Filipinos. “We are here to create jobs and not to engage in court battles,” Williams said. GGDC forged an agreement with the Clark International Airport Corporation for a 50-year lease agreement. Reference : sunstar.com.ph Comments are closed.
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