CLARK FREEPORT —The proponent of the $5-billion Sabah Al-Ahmad Global Gateway Logistics City project here said Thursday it settled a dispute with an American contractor, allowing the project to resume construction.
Global Gateway Development Corp. and Peregrine Development International Inc., the prime developer of the project, said Thursday they had amicably “resolved their differences regarding the end of their engagement.”
GGDC president Mark Williams and PDII president Dennis Wright said in a joint statement they were happy that all issues between the parties had been settled and were now ready to separately move forward.
Peregrine, an American-owned company that has been operating in the Philippines since 2006, said it would continue its design, engineering and construction works in support of US government contracts as well as its other commercial, residential, hotel, restaurant and related interior fit-out projects in Manila and Central Luzon.
Both GGDC and Peregrine had filed charges and counter charges over jurisdiction of the Logistics City project in this ecozone.
GGDC invested over $100 million in the project to date with another $150 million in planned investments by the end of 2016.
GGDC’s investments include the development of world-class horizontal infrastructure, including over 30 hectares of fully developed lot inventory and The Medical City, Clark, a world-class 20,000-square-meter hospital that provides state-of-the-art medical services for the region.
GGDC said the state-of-the-art, master-planned mixed-use Logistics City and Business Center would break ground on five office towers with a gross floor area of 142,000 square meters, in addition to a retail and gas plaza by the end of 2015.