- Project NECEBOLEY to connect the 4 major islands of Negros
Oriental, Cebu, Bohol and Southern Leyte in Visayas through
all-weather bridges and expressways network.
- AG&P Industrial to serve as technical partner and EPC
contractor and contribute its expertise and resources in
infrastructure development and project management.
- Visayas NECEBOLEY Interlink Holdings Corporation (VNIHC)
granted Original Proponent status by the Provincial governments of
the 4 major islands to develop Project NECEBOLEY under the
Public-Private Partnership (PPP) framework.
MANILA,
Philippines, April 24,
2024 /PRNewswire/ -- AG&P Industrial (Atlantic,
Gulf and Pacific Company Manila, Incorporated), a leading
full-asset lifecycle Engineering, Procurement, Fabrication,
Construction, Installation and Commissioning (EPFCIC)
infrastructure development and Operations and Maintenance (O&M)
company and subsidiary of AG&P Group, today signed an exclusive
Memorandum of Understanding (MoU) with Visayas NECEBOLEY Interlink
Holdings Corporation (VNIHC), a leading real estate, property
development and reclamation company, for NEDA's US$15 B mega infrastructure Project NECEBOLEY,
expected to commence in Q2, 2024.
Project NECEBOLEY aims to connect four major islands in the
Visayas Region, specifically Negros, Cebu, Bohol, and Leyte. VNIHC
was given Certificates of Acceptance thereby granting it Original
Proponent status by the Provincial governments Negros Oriental,
Cebu, Bohol and Southern Leyte to develop Project NECEBOLEY through
a collaborative joint venture initiative with the Provincial
government under the Public-Private Partnership (PPP)
framework.
Project NECEBOLEY will be supported by a private consortium of
global partners who will finance, design, construct, operate, and
maintain the bridges, road and mass transit network composed of 4
lane bridges with expanded expressways. The consortium will also
undertake the building of pipes, ducts and landing stations to
accommodate for lease the installation of the national electric
grid high voltage power transmission cables, the high cap flow
industrial grade water pipes and the multiple core fiber optic
telecommunications. Other sources of project income will be
derived from reclamation development, water supply, power wheeling
charges, communications, mass transit, and real estate
development.
As the project proponent, VNIHC will procure the
requirements, plan and reporting in accordance with the rules,
regulations and policies of the LGUs and engage AG&P Industrial
in pre-proposal conferences, post-award meetings with LGUS and
other government institutions to ensure alignment of obligations
upon award of the Project. AG&P Industrial will also be
provided access to contract specifications for reviewing accuracy
and technical assistance during pre-solicitation, pre-bid and post
award conferences.
Mr. Angel Pio E. Veloso Jr., Chairman, VNIHC
said, "Project NECEBOLEY encompasses the development,
operation and maintenance of a 238.05 km state- of-the-art,
all-weather bridges and expressways network to establish vital
connectivity among the major islands of the Visayas region,
selected for its rapidly growing industrialization, urbanization,
foreign investment, eco-tourism and environment protection. We
are thrilled to have AG&P Industrial as our technical partner
and EPC contractor to contribute its expertise, experience, and
resources in infrastructure development and project management to
support the successful implementation of this critical project,
including enabling a global consortium of partners. AG&P
Industrial will also have the option to an equity interest in VNIHC
through a separate definitive agreement."
Mr. Alex Gamboa, President,
AG&P Industrial said, "AG&P is the cornerstone of the
Filipino construction industry. We built many of the country's
signature structures, including the Ayala Bridge, the first steel
bridge, Manila's water and sewage
systems, Araneta Coliseum, national monuments, and other historical
landmarks, including the first LNG import terminal of the Philippines commissioned in 2023. We are
privileged to partner with VNIHC for Project NECEBOLEY that will
lay the Philippines' iconic
infrastructure for interconnectivity by land within the region,
solving for access across Visayas. Pivotal to the country's
economy, Project NECEBOLEY will transform Visayas into a thriving
business hub and accelerate socio-economic development, improving
the lives of millions of Filipinos."
Project NECEBOLEY will be executed in two phases.
Phase 1 will be focused on the construction and operation of a
238.05km bridge, toll road expressway network, connecting the four
major islands of the Visayas Region. Phase 2 will be focused on raw
land reclamation and horizontal development of 568 hectares
foreshore and offshore areas in the Visayas region and the
development of the reclaimed land into ready-to-use complex for
residential, commercial, industrial, and other tourism related
purposes. Phase 1 is further divided into 6 distinct packages of
which Package A will constitute the construction of the bridge
spanning from Sibulan (Negros Oriental) to Santander (Cebu), with a
length of 11.30 km. Package A is expected to commence in Q2,
2024.
About AG&P Industrial
A subsidiary of the AG&P Group, AG&P
Industrial, Manila is a leading
diversified full-asset lifecycle EPFCIC (Engineering, Procurement,
Fabrication, Construction, Installation and Commissioning),
infrastructure development, and Operations & Maintenance
(O&M) company with a legacy of executing award-winning marquee
projects globally for LNG terminals, refineries, petrochemical
plants, utilities, LNG liquefaction modules and other complex
process units. It is also one of the largest Philippine industrial
construction companies, operating a world-class manufacturing site
in Batangas with deep-water access and 60,000MT of annual module assembly capacity. We
build large segments of projects and complex process modules in a
controlled environment with the highest standards of safety and
quality. For more information, please visit
www.agp-industrial.com
About AG&P Group
Atlantic Gulf & Pacific (AG&P) is a
global downstream LNG infrastructure platform focused on developing
LNG import and regasification facilities as well as downstream city
gas networks. AG&P also provides engineering and project
management services for LNG and other infrastructure. AG&P is
part-owned by Osaka Gas, JBIC (the Japan Bank of International
Cooperation) and Asiya, a publicly-traded Kuwait fund. For more information, please
visit https://agpglobal.com/.
About Visayas NECEBOLEY Interlink Holdings
Corporation (VNIHC)
A holdings company incorporated in Cebu in 2016,
Neceboley was incorporated with the mission to lead the development
of the Visayas region through its vision of connecting islands and
driving growth. 100% owned and controlled by the group of Mr.
Angel Veloso Jr., VHIHC brings deep
experience in real estate, property development and reclamation
projects. For more information, please visit
https://www.neceboley.com/
About National Economic and Development
Authority (NEDA)
Founded on January 24,
1973, the National Economic and Development Authority
("NEDA"), an independent cabinet-level agency of the Philippine
government responsible for the chief economic planning, mandated to
create, coordinate, and monitor programs designed to accelerate and
develop the country's economic growth. It is headed by the
President of the Philippines as
Chairman of the NEDA board, with the Secretary of Socioeconomic
Planning as Vice Chairman. For further information, please
visit https://neda.gov.ph/
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