The Cadiz City government has partnered with the Yanson-owned Dynamic Builders and Construction Co., (Philippines) Inc. to develop the Cadiz City Economic Center over a period of three years.

The parties sealed the partnership with the signing of a Joint Venture Agreement Monday between Mayor Salvador Escalante and Dynamic Builders president Ricardo Yanson Jr.

Under the agreement, the construction company, without cost from the city government, will develop a 36-hectare land in the reclamation site into a commercial and industrial area.

The reclamation area in Brgy. Tinampaan, now occupied by several squatter families, is located along the road going to the port that is also being developed by the city government.

Data provided by the City Information Office show that the economic center development project includes the construction and installation of basic facilities and amenities such as roads, sidewalks, drainage system, water supply facilities, fire hydrants, electric power facilities, street lightings, street signs, garbage receptacle bins, public toilets, artistic landmarks, and boardwalk facility.

Escalante said that he was given full authority by the Sangguniang Panlungsod, through SP Resolution No. 2006-30 to publish an Invitation to Submit Proposal to a joint venture agreement on October 15 and 22 last year.

Five companies responded, four coming from Manila, but they chose Dynamic Builders because it has the best offer, he said.

A general construction company, Dynamic Builders is the only Triple A engineering company.

It has constructed several projects in Bacolod City and Negros Occidental, including the civil works of the airport of international standards in Silay City.

Yanson, a son of Ricardo Yanson Sr., owner of Vallacar Transit, the operator of Ceres bus, said he hopes his company's partnership with Cadiz City will be a showcase for both the city government and the province.*NLG

back to top