Property

Bacoor City eyes over P1.8B additional revenues from reclamation projects

The Bacoor City government expects to generate at least P1.8 billion in additional revenues from the proposed multi-billion peso reclamation projects in Cavite.

The Bacoor City government expects to generate at least P1.8 billion in additional revenues from the proposed multi-billion peso reclamation projects in Cavite.

The projected revenues are just from tourism activities alone, the Bacoor City government said.

Apart from this, the 320-hectare Bacoor Reclamation and Development Project (BRDP) and the 100-hectare Diamond Reclamation and Development Project (DRDP) are seen to be the most effective approach to address flooding and clean up the Manila Bay.

The twin projects have already gained support from stakeholders, which
incude government agencies, businessmen, fisherfolks, informal settler families and environmental
groups, and other concerned government agencies.

Living conditions of the city residents are expected to improve with the establishment of the Fisherman’s Wharf along the Sineguelasan coast which will develop and preserve the 40-hectare mangroves plantation of the city.

The projects projects are expected to boost the city government’s ongoing
relocation program for coastal residents and hasten its compliance with the SC mandamus for the Manila Bay clean up.

In 2008, the SC directed the DENR and several other government agencies to rehabilitate, and preserve Manila Bay.

The reclamation projects are expected to transform Bacoor into a new center of
growth in line with President Duterte’s vision to decongest Metro Manila and spread development to other areas of the country.

Based on official data, as much as 73 percent of Bacoor’s available
land space is already devoted to residential use, with only about two percent utilized for commercial purposes.

On the other hand, the agri-fishery areas — covering all rice lands,
other productive agricultural lands, and water bodies or fishponds –shrank to a total area of 410 hectares, or a mere 6.61 percent of the total land area of Bacoor.

The reclamation projects are likewise expected to boost productivity and efficiency of enterprises and open new business and livelihood opportunities.

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