Manila Solar City to Rise in Manila Bay
A world-class commercial, residential and tourism centre may soon rise in the middle of Manila Bay. Manila Solar City, which spans 148 hectares, is a reclamation project that will feature a park and a Boracay-inspired man-made beach. It will also have a terminal for international cruise ships, which are expected to bring between 2,500 to 5,000 tourists every week.
"That [Manila Solar City] will be a big boost to the Ermita area, surrounding areas," Manila Gold Coast Development Corp. Vice Chairman Edmundo Lim said.
Manila Gold Coast, the developer of the project, expects to create 100,000 jobs for construction workers. Once construction is completed, another 500,000 workers will be hired for operations.
"Right now, the study shows that Manila has the most number of jobless people. A hungry stomach knows no law. So we can eliminate criminality," Manila Mayor Joseph Estrada said.
The developer said the government will earn PhP17 billion in tax revenues from the project every year. Some PhP10 billion worth of real estate taxes will go to Manila city government.