Wednesday, October 6, 2021
Megaworld earmarks P98B to build business district in Bulacan
By TED CORDERO, GMA News
Tycoon Andrew Tan-led Megaworld Corp. on Wednesday announced its plan to develop a 85-hectare land along the North Luzon Expressway (NLEX) in the municipalities of Marilao and Bocaue in Bulacan into a “global business district.”
In a disclosure to the Philippine Stock Exchange, Megaworld said it is allocating P98 billion to develop the new integrated urban township in the said areas in the next 15 to 20 years.
The property giant said the planned development, Northwin Global City, will give Bulacan its first-ever metropolitan hub for business and lifestyle.
Megaworld said Northwin Global City will be strategically located 20 kilometers north of Metro Manila and can be accessed via the Marilao Exit of NLEX.
The planned township project will be 20 minutes away from the proposed New Manila International Airport in Bulacan, and five minutes away from the Philippine Arena.
The township project will have its own themed commercial district, high-rise residential condominiums, hotels, malls, mixed-use commercial buildings, educational institutions, and state-of-the-art office towers, according to Megaworld.
The property developer added that 40% of the entire township development will be dedicated to green and open spaces such as landscaped parks.
The company said it will also be integrating “future-proofing” features into Northwin Global City such as the installation of solar-powered and LED streetlights, underground cabling system, fiber optic cabling, bike lanes, storm water detention facility for flood prevention, intermodal transport terminal, and other sustainable infrastructure for mobility and connectivity.
“Finally, our vision of having a truly modern and global business district for Bulacan is coming to a reality. This is like building a new city that will put the province of Bulacan in the global business map because we envision huge multinational companies to be operating here once our commercial district and our office towers will be completed,” said Kevin Tan, chief strategy officer, Megaworld.
“Northwin Global City’s close proximity to Metro Manila and its ideal location just along NLEX and the major transport infrastructure will be very favorable for the future locators and residents of this township,” Tan said.
Northwin Global City will also host one of the stations of the Manila-Clark Railway Project, Megaworld.
“Once completed, Northwin Global City will have convenient access to three international airports in Bulacan, Clark, and even in Metro Manila,” Tan said.
From the Ninoy Aquino International Airport, Makati Central Business District, and Bonifacio Global City, Northwin Global City can also be easily accessed via the Skyway 3 towards NLEX, which will only take around an hour during normal traffic. —KG, GMA News