Mayor Rodrigo Duterte signed a P38-billion joint venture agreement (JVA) with property designer Mega Harbor Port Development Inc. that would change the scene of this present city's coastline, with the formation of four simulated islands with an area zone of 200 hectares.
Under the JVA, Harbor Port will embrace the four-island extend that will incorporate the development of a universal port, mechanical and business segments, and an administration center.
A focal business area and shopping complex will include around 39 hectares.
One of the islands will have an area range of 75 hectares for a worldwide port and five hectares for an administration center that will, in the long run, be turned over to the Davao City nearby government.
The engineer will allocate P1.1 billion for the redevelopment of the ghetto zones along the coastlines, particularly the making of access streets, jetties, and conduits, extending crosswise over kilometers of coastline thickly populated by casual settlements.
Around 60 hectares of the recovered area will be allocated for private and visitor centers, while around 41 hectares will be distributed for the improvement of townships.
The JVA will must be sent to the Philippine Reclamation Authority (PRA), which will prescribe the following strides to the National Economic and Development Authority (NEDA).
The City Council, in beforehand giving Duterte to sign for the benefit of the city, had specifically made as a condition that no casual pilgrim family would be uprooted as a result of the project.
