Project delays in Manila Bay ‘not good’ for PH investors

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Project delays in Manila Bay ‘not good’ for PH investors
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Delaying a decision on reclamation projects in Manila Bay “will not do the country good,” Palawan Representative Jose Alvarez said.

According to Alvarez, the Department of Environment and Natural Resources will soon decide on these reclamation projects.

Alvarez, the sponsor of the DENR’s proposed P23-billion budget for 2024, said it will not benefit the country—in terms of investments–if the DENR holds out on its decision on the matter. “It is not healthy for our investment environment that a project that has been approved has been temporarily halted with no definite date of resumption. We believe the DENR will be coming up with a decision shortly, without sacrificing the stakeholders in Manila Bay,” Alvarez, quoted by reports, further said.

“The DENR, being part of the Executive, will do what is mandated of them: conduct a cumulative impact assessment of Manila Bay reclamation projects. They have gathered experts and scientists to help them assess the reclamation project, whether it will cause floods, any irreversible environmental impact, how the garbage will be handled,” he said.

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