RSA bullish on Infanta, Quezon: SMC to build hotels, sea port, water, power and cement plants
Publicly-listed conglomorate San Miguel Corp. (SMC) is eyeing to invest in around seven business facilities and hubs, a power plant and seaport in this first class town east and adjacent to the provincial capital city of Lucena.
Pagbilao City Councilor Lolito M. Merle, chair of the Sangguniang Bayan (town legislative council) Committee on Commerce, Trade and Industry said Thursday that the committee presented to the council SMC?s plan to pour investments in the town.
SMC president and chief operating officer (COO) Ramon S. Ang had earlier expressed interest and channeled the conglomerate?s request for the Council resolution endorsing the investment plan.
Merle said that SMC requested for the local government?s endorsement for it to invest in a training center, logistic hub with deep sea port, dressing plant, bulk water supply facility, power plant, quarry and cement plant.
He said the planned investment sites would cover four barangays (villages) such as Barangay Ibaba, Ilayang Bagombogan, Ilaya and Ibabang Palsabangon.
In an interview, Councilor Ariel T. Martinez, a member of the Committee on Commerce, Trade and Industry, said the council members would ensure that the planned power plant here would not damage the environment and affect the health of the constituents.
Martinez also assured that the committee members would look into the appropriate taxes that the town stands to benefit from the planned investments.
The town legislative council has approved on first reading the SMC proposed investment in cement plant, bulk water supply and hotel to be put up in Barangay Ilayang Palsabangon. (Gideon Belen/PNA)