In Photo (L-R): Engr. Ryan V. Baliat, Engineering and Environmental Safety Division Manager, Mr. Angelo Gabriel D. Mantuano, Deputy Administrator, Atty. Gil G. Taway IV, President and CEO, Dir. Rene G. Tayag, APECO Board of Directors, and Ms. Ma. Cristina G. Suaverdez, Corporate Planning OIC Division Manager
(04 March 2025, Parañaque City) - The Aurora Pacific Economic Zone and Freeport Authority (APECO) has finalized both lease and investment agreements with two more locators namely the TGV Development Corporation (TGVDC) and Central Sierra Hotels Resorts, Inc. (CSHRI). Aligning with APECO’s direction to be the Fishing Capital of Luzon, TGVDC is developing both a cold storage facility, a food processing center, and a docking and boat facilities for tourism while CSHRI is constructing eighty (80) villas with ten (10) luxury villas as APECO is positioning to be the Philippine’s next premiere tourism destination.
In a meeting last week, APECO executives led by President and Chief Executive Officer Atty. Gil G. Taway IV met with TGVDC and CSHRI representative and concurrently a member of the APECO Board of Directors, Director Rene G. Tayag, to finalize the lease and investment contracts for both companies with the contract signing scheduled on 18 March 2025 and the groundbreaking ceremony for both projects on 28 April 2025.
TGVDC’s cold storage facilities and food processing hubs come at an opportune time as APECO continues to prioritize building infrastructure that would enable the economic zone to become a thriving Agri-Aqua Industry hub. With a cold storage facility, produce and other perishable goods will have less spoilage and would have an extended shelf life. Coupled with a food processing plant, locally farmed, caught, or produced goods can be transformed into high-value export further that is expected to raise revenue for local farmers and fishermen. Additionally, TGVDC will also be constructing docking and boat facilities for tourism and water sports activities such as watersports, jet ski, boating, kayaking, and island hopping further adding more thrill to the already exciting economic zone. These investments from TGVDC are some of many more that will make the economic zone more accessible and attractive for commercial fishing, food processi ng, and agri/aqua ventures, significantly advancing APECO’s thrust to become the Fishing Capital of Luzon.
On the tourism front, CSHRI plans to introduce upscale accommodations to the already booming tourism market of the region. Set to add a total of eighty (80) villas with ten (10) luxury villas catering to a growing market of tourists seeking luxury experiences amidst Casiguran’s natural beauty, it is the perfect time to invest in APECO. This will lead to not only increased visitor foot traffic from both foreign and domestic markets but also allow APECO to pivot towards Meetings, Incentives, Conferences, Exhibitions (MICE) tourism. In addition to the luxury villas, CSHRI shall also be introducing a bar, a restaurant, and a convenience store that would further strengthen the area’s appeal that ensures a well-rounded experience for both tourists and residents alike.
These developments promise long-term economic benefits by stimulating investment, enhancing local enterprises, and generating employment opportunities. APECO and its surrounding communities stand to gain not only from immediate job creation but also from a sustainable growth cycle driven by increased commerce and tourism. As these projects are set to rise in the near future so shall APECO’s continued promise to be the catalyst of change and progress for Casiguran, for DiCaDi, for Aurora, and for the Philippines.
