25 November 2019
Dennis Uy’s Udenna Land, Megawide start work on huge Clarkfield development
UDENNA Land’s Global Gateway Development Corp. (GGDC), a company led by Davao businessman Dennis Uy, on Wednesday said it held a groundbreaking with Megawide Construction Corp. for the Clark Global City, a 177-hectare master-planned, mixed-use development.
Uy, Udenna Land Chairman and CEO, together with Megawide Chairman Edgar Saavedra and Clark Freeport officials and the existing real-estate developers of Clark Global City—the SM Group, Century Properties, DataLand, W Group, Suyen—led the groundbreaking ceremony in Pampanga.
Earlier this year, Megawide was tapped as its general contractor.
“Bold and audacious projects such as CGC can only be done by partnering with people who not only share the same vision but are also equipped with topnotch execution skills. We are honored to work shoulder to shoulder with Megawide to transform 177 hectares of land into a thriving business center and community,” Uy said.
After taking over the property in 2017, Uy’s Global Gateway now holds the lease rights for CGC until 2085. To fast-track the development of what they envision to become a modern metropolis with its 22-month timeline target, Uy has been partnering with several locators.
“Megawide is proud to be working with Udenna and GGDC as contractor for the site development of Clark Global City. We’re excited to be working on such a transformative project not just for Clark but for Central Luzon. We thank Udenna and GGDC for giving us the opportunity to help engineer a first-world Clark and a first-world Philippines together,” Saavedra said.
At present, 47 hectares of the 177-hectare estate have been developed with disaster-ready horizontal infrastructure, 50-year storm water drainage systems, state-of-the-art sewer system, an underground infrastructure network, and eight-road lanes with bike lanes and 50 meters of right-of-way priority.
Megawide commits to construct 12 km of roads and fully develop the remaining balance of infrastructure in 22 months.
VG Cabuag (21 November 2019). Dennis Uy’s Udenna Land, Megawide start work on huge Clarkfield development Retrieved from https://businessmirror.com.ph/2019/11/21/dennis-uys-udenna-land-megawide-start-work-on-huge-clarkfield-development/