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Flawed SC ruling on Vizconde case BLURBAL THRUSTS Louie Logarta 01/30/2011

Sunday, January 30, 2011

Flawed SC ruling on Vizconde case

BLURBAL THRUSTS
Louie Logarta
01/30/2011
For practical considerations, Manila City Hall officials are elated that the multi-billion North Harbor modernization project to be undertaken jointly by San Miguel Corp. (SMC) and the Harbour Centre group is finally going to get off the ground.

Mayor Alfredo Lim said he cannot but feel glad for thousands upon thousands of residents who stand to benefit most from the estimated P20 billion which the proponents are going to be investing to make the port project a going concern in terms of employment benefits; not to mention the various downstream businesses that are expected to sprout about in the Tondo area, long considered one of the most depressed in the country, where the North Harbor is located.

More importantly, he said the city expects to generate easily in the vicinity of P1 billion in the form of real estate as well as income taxes from a redeveloped North Harbor which the SMC-Harbour intends to transform into a world-class industrial hub in the mold of similar models in Kaohshiung, Taiwan and Laemchabang, Thailand complete with state-of-the-art pier facilities, cargo warehouses, gantry cranes and other capital equipment, passenger terminals all of which are designed to promote the country’s economy..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20110130com4.html

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