Hermilando Mandanas has signed a Memorandum of Understanding (MoU) with a real estate Chinese firm for the development of an airport, a seaport and railways in the province. In a recent trip to Hong Kong, Mandanas signed the MoU with Teamrise Group Co. Ltd. for six major projects geared toward the promotion of tourism, food security and air and cargo transportation in Batangas. Among the projects covered by the memorandum is the development of the Batangas Access Zone, Sea Ports and Terminals expansion and a Food Terminal project on a 29-hectare property. As a first step, Teamrise will conduct a preliminary study and research on the proposed endeavor and provide recommendations and technical support relative to the building, construction and operation of the projects. The MoU also provides that the parties can eventually enter into partnership or organize a joint venture to realize the plans.

Source: Manila Times December 14, 2017 12:00 UTC