Japan Investors Plan to Build Hospital in SRP (July 2006)
Japan investors plan to build hospital in SRP
CEBU CITY – A group of Japanese businessmen has expressed interest to put up a hospital or a retirement facility at the South Reclamation Project (SRP) here.
Cebu City Mayor Tomas Osmena said such plan was signified by the Japanese businessmen during his week-long visit to Japan to market the reclamation project.
Osmena said these prospective investors have visited Cebu several times but have not been to the SRP.
During his State of the City Address (Soca) on Monday, Osmena said, the city government was working on development projects that were expected to enhance the marketability of the SRP, now titled in the name of the city government.
The mayor said an investor is buying 20-hectare of about 300-hectare reclamation project for the establishment of a container van manufacturing company, while another investor is also leasing 20-hectare of reclaimed lot.
The city is now focusing on development works to improve the SRP’s marketability. The development works include the establishment of a 1.4-kilometer beach and boardwalk in Pond F, and the completion of Phase 1 of the Senior Citizens Building.
Osmena said the establishment of amenities that include electricity, water and internal road network is also now in progress. The development works would be made parallel to the marketing of the reclaimed lots, he said.
The mayor made presentations with several companies in Japan.
”Many small companies that are doing new things in Japan are coming to Cebu to take a look at our situation because historically, we attract big investors. Now, we also wanted to attract the smaller companies that are doing some innovations in certain fields,” he said.
Osmena said at least five to six of these smaller companies, whom he referred to as “innovators”, have expressed interest on the SRP.
He said another Japanese firm is hiring skilled retirees to work for them on-line. It now has at least 1,000 employees.
”These are the companies that we need to bring to Cebu instead of just focusing on those bigger companies,” he said.
Joel Yu, head of the Cebu Investment promotions Center (CIPC), accompanied Osmena to Japan to the week-long visit to Japan that ended last July 1.
CEBU CITY – A group of Japanese businessmen has expressed interest to put up a hospital or a retirement facility at the South Reclamation Project (SRP) here.
Cebu City Mayor Tomas Osmena said such plan was signified by the Japanese businessmen during his week-long visit to Japan to market the reclamation project.
Osmena said these prospective investors have visited Cebu several times but have not been to the SRP.
During his State of the City Address (Soca) on Monday, Osmena said, the city government was working on development projects that were expected to enhance the marketability of the SRP, now titled in the name of the city government.
The mayor said an investor is buying 20-hectare of about 300-hectare reclamation project for the establishment of a container van manufacturing company, while another investor is also leasing 20-hectare of reclaimed lot.
The city is now focusing on development works to improve the SRP’s marketability. The development works include the establishment of a 1.4-kilometer beach and boardwalk in Pond F, and the completion of Phase 1 of the Senior Citizens Building.
Osmena said the establishment of amenities that include electricity, water and internal road network is also now in progress. The development works would be made parallel to the marketing of the reclaimed lots, he said.
The mayor made presentations with several companies in Japan.
”Many small companies that are doing new things in Japan are coming to Cebu to take a look at our situation because historically, we attract big investors. Now, we also wanted to attract the smaller companies that are doing some innovations in certain fields,” he said.
Osmena said at least five to six of these smaller companies, whom he referred to as “innovators”, have expressed interest on the SRP.
He said another Japanese firm is hiring skilled retirees to work for them on-line. It now has at least 1,000 employees.
”These are the companies that we need to bring to Cebu instead of just focusing on those bigger companies,” he said.
Joel Yu, head of the Cebu Investment promotions Center (CIPC), accompanied Osmena to Japan to the week-long visit to Japan that ended last July 1.