Sun.Star Davao

Food Complex Project In Toril Up For Ppp News!

Sun.Star Davao
Categories: Events, News,
Door 5, Ebro-Pelayo Bldg., (former Department of Foreign Affairs office), Jacinto St., Davao City
March 22, 2018, 3:20 p.m.

THE proposed Davao Food Complex project in Toril is among the proposed public-private partnership (PPP) projects in Davao City.

 

The project, with an estimated cost of P496 million, was approved by the city council on first reading on February 21, 2018. It was approved by the National Economic and Development Authority (Neda) Investment Coordination Committee (ICC) on March 8.

 

The project has been calendared for discussion in the next Neda-ICC Cabinet level meeting.

 

The food complex will be established within a 20-hectare property and will have food processing centers, cold storage/warehousing facilities, trading post, technology/business incubation center, tourism component, agri-aqua culture, and water filtration and bottling facilities. It will be implemented by the National Development Company (NDC) under a proposed joint venture.

The NDC owns three contiguous parcels of land including the 20-hectare lot in Barangay Daliao, Toril District, where the proposed Davao Food Complex is envisioned to rise.

 

Source: http://www.sunstar.com.ph/davao/local-news/2018/03/21/food-complex-project-toril-ppp-594722

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