DAVAO CITY (MindaNews/19 August)–An official from the Davao City Investment and Promotions Center (DCIPC) said yesterday that two more companies have expressed interest to develop a residential area that was hit by a fire in April into a mixed-use facility.
Speaking at Monday’s Kapehan sa SM, DCIPC chief Ivan Cortez said the two companies have manifested their intention to join the bidding to develop the area along with a Malaysian firm.
However, Cortez said the city needed to get the full details of the proposals first before it can reveal the identities of the two firms.
The development site involves the 8.80-hectare fire-damaged area of Barangay 23C, also known as Isla Verde.
The April 4 fire affected at least 3,500 families.
Mayor Rodrigo R. Duterte said last week he was meeting with the Malaysian investors soon to discuss the details of the project.[]
However, Cortez said the Presidential Proclamation of former President Joseph Estrada stands in the way of developing the site since it has been declared a human settlement area.[]