Davao City Mayor Terminates Mega Harbor Project
- Business & Finance
Davao City Mayor, Inday Sara Duterte-Carpio, has decided to terminate the Mega Harbor project, a joint venture agreement signed by her father, the President of the Philippines, Rodrigo Duterte, with the Mega Harbor Port and Development Corporation.
In her statement, Duterte-Carpio said that they have informed the Mega Harbor Port and Development Corporation on July 19 that the city will not proceed with the Davao Coastline and Development Project.
“The decision came after about more than a year of careful review and study of the available documents and after weighing out the intentions of the project against its commercial viability, legal and social implications, and the project’s possible effects to the environment,” Duterte-Carpio said.
She said that the decision to terminate the joint venture agreement “is coupled with a resolve that Davao City can really move forward and answer the call of economic growth by implementing highly sustainable projects, both commercially and environmentally.”
“We understand that there are various legal repercussions ancillary to this decision and the Davao City Government is ready to answer them in the proper forum,” she added.
The project involves reclamation for the development of a 200-hectare mixed-use complex, including an international port, commercial, residential and government office components.