Olongapo SubicBay BatangGapo Newscenter

Friday, March 30, 2007

Hanjin to build P37.4M condotel

Hanjin Heavy Industries Corporation (HHIC)-Philippines, owner and operator of one of the biggest shipbuilding facilities in the Asia-Pacific region, is set to infuse P37.4 million to construct a condominium-hotel here.

Subic Bay Metropolitan Authority (SBMA) Chairman Feliciano G. Salonga said on Wednesday that the Board of Directors approved the construction of a condominium-hotel to meet the accommodation facility requirements of its employees.

"The labor workforce of Hanjin-Philippines will reach 3,000 during its full operation by year 2010. When that time comes, more than a hundred Korean technical staffs, consultants and engineers will be occupying the condotel," Salonga said.

The new 42-meter high facility will be developed in a three-hectare lot inside the Ilanin Forest East area.

Early this year, the shipyard, which in a year is expected to fabricate 60 ships of different sizes and types, already accepted orders for 12 ships at 60 million US dollars each from three different companies.

First in the production line is for a French company represented by its president, Krevork Hekimian.

Meanwhile, SBMA Administrator Armand C. Arreza said the construction of the $ 1-billion Hanjin shipyard in the Redondo Peninsula in Subic Bay had its dry-run of operations last March 1 and began fabricating the first orders for the year.

The company is the biggest direct foreign investments (FDI) project in the region that is expected to boost the economic condition of the residents in the area by providing skills training as well as direct and indirect employment.

In February this year, HHIC-Philippines also opened the P240-million Hanjin Skills Development Center (HSDC), the world's largest single shipbuilding training center that could accommodate 500 Filipino trainees per batch.

Most of the trainees were recruited from Olongapo City, and the provinces of Bataan and Zambales, and are already receiving regular salaries and other benefits since day one. Some were sent to South Korea for supervisory trainings.

"What we want to do now is provide stable jobs for the residents in the communities surrounding the Freeport zone and help the national government in providing jobs and thereby lessen under and unemployment in the country. The Hanjin project is one of the major contributors in realizing that vision," Arreza said. (PNA)

Labels: , , ,


Post a Comment

<< Home


This is a joint private blog of volunteers from Subic Bay. It is being maintained primarily to collate articles that may be of importance to decision making related to the future of Subic Bay and as a source of reference material to construct the history of Subic Bay.

The articles herein posted remains the sole property of original authors and publications which has full credits to the articles.

Disclaimer: Readers should conduct their own research and due diligence before using any article herein posted for whatever intended purpose it may be. This private web log will not be liable for any loss or damage caused by a reader's reliance on information obtained from volunteers of this private blog.

www.subicbay.ph, http://olongapo-subic.com, http://sangunian.com, http://olongapo-ph.com, http://oictv.com, http://brgy-ph.com, http://subicbay-news.com, http://batanggapo.com 16 January 2012