The project involves the development of NDC-owned 19.17 hectares property located in Brgy. Langkaan II, Dasmariņas, Cavite to be registered with the Philippine Economic Zone Authority (PEZA) as Special Economic Zone. The developed lots will be leased out on a long-term basis to locators.
Estimated Project Cost: P576.3 Million (including cost of land based on new valuation)
NDC Board instructed management to sound off the project to private investors for possible joint venture partnership development, using NDC's land as its contribution valued at P345M.
NDC will be in the majority position due to the high value of the NDC land. The land will be NDC's contribution to the JV.
Saturnino H. Mejia
Assistant General Manager, Special Projects of NDC