AlloyMTD of Malaysia investing P1.5-billion in Palayan IT park

Malaysian conglomerate AlloyMTD and the city government of Palayan agreed to develop a P1.5-billion information technology park in the capital of Nueva Ecija province.

The Palayan City Government Center and Central Business Hub is being constructed on a 30,013-square-meter property in Barangay Singalat. AlloyMTD Philippines, the local unit of the Malaysian group, and Palayan City will sign an agreement for the project which would involve the management of a business process outsourcing hub for 30 years.

The creation of the IT park was backed by a presidential proclamation signed by President Rodrigo Duterte on June 25, 2018. 

The board of the Philippine Economic Zone Authority recommended the creation of the ITP pursuant to Republic Act No. 7916, or the Special Economic Zone Act of 1996, as amended by RA 8748.

The three-hectare government and business center will also serve as home to the satellite offices of at least 12 national government agencies

DESPITE DELAYS: Tugade says LRT-1 Cavite extension to be completed in 2021

CAPAZ, Tarlac — Transportation Secretary Arthur Tugade expects the  Light Rail Transit (LRT) Line 1 extension to Bacoor, Cavite will be completed on schedule despite delays in starting the construction.

“We are optimistic that despite the delay, we are confident that we will meet the target ... target date is 2021,” Tugade said during a press briefing here.

The LRT 1 Cavite extension project—which will connect to the existing Baclaran Station is targeted to be completed in 2021.

“Starting the actual construction is a bit delayed now. We are trying to do a catch up plan,” the Transport chief said.

The delays will be addressed once the actual construction begins, Tugade said.

Private operator Light Rail Manila Corp. earlier said the construction of LRT1 Cavite extension has been pushed back to October this year from the previous target of mid-2018 due to right-of-way issues.

The 11.7-km Cavite extension is expected to accommodate 410,000 passengers a day in its opening year and cut travel time from Parañaque to Bacoor to 30 minutes from 90 minutes on average. —VDS, GMA News