Manila Bay Land Reclamation Project Proposed
- Business & Finance
The San Miguel Group and the New San Jose Builders, Inc. are proposing a public-private partnership (PPP) project that will reclaim a part of Manila Bay, as well as build an expressway, a commercial area, a coastal sea barrier and flood control system.
The project’s main purpose is to protect the Manila Bay coastline against flooding from the sea, by means of a city flood barrier and coastal sea barrier, and provide an attractive urban waterfront development with space for new commercial activities, according to the Department of Public Works and Highways.
The coastal sea barrier also functions as an expressway that cuts the travel time between Bataan and the National Capital Region (NCR).
Along the barrier, the project also offers reclaimed land for urban and economic development. In between the reclaimed land and the present shoreline are mangrove forests that help develop the ecological value of Manila Bay.
Initial estimates show that the cost of constructing the coastal barrier and the flood control system would be over $6.5 billion.