Bloomberry Resorts Corp. of tycoon Enrique Razon Jr. submitted a proposal to the government to build a $308-million cruise port facility in Parañaque City, the Tourism Infrastructure and Enterprise Zone Authority said.
TIEZA said in a late statement it forwarded to the Office of the President the proposal of Sureste Properties Inc., a wholly owned unit of Bloomberry, to develop Solaire Cruise and Yachting Centre.
The proposal includes marine and terminal facilities, homeport and port-of-call operations, an expanded harbor offering dining, shopping, entertainment and maritime recreation, and walkable esplanades and plazas.
The timeline for the implementation of the project is set in the next 2 to 10 years.
The project is expected to a catalyst for economic development as the company aims to develop a Philippines-centric cruise industry with a domestic itinerary. It also hopes to decongest traffic on airports.