SUAL: RP’s next Subic

SUAL, Pangasinan – Mayor Roberto Ll. Arcinue is in the thick of negotiations with foreign and domestic investors for the implementation of mega projects that tremendously impact on the Pangasinan economy.

He recently told local newsmen that he has been holding discussions with executives of multi-national companies who are eyeing this first class coastal town as investment destination because its strategic location and its deep and wide harbour similar to Subic in Olongapo City, Zambales.

Sual, Pangasinan is being harnessed by the town mayor Roberto Arcinue as the next Subic Bay Free Port (as shown in the photo) to host  those power plant, sea port, ship building, oil depot just like those in Batangas Province, and as a tourism hub.

The mega projects proposed for immediate implementation include another coal-fired power plant, international seaport, an oil depot, ship building facility, and food processing and storage facilities.

Arcinue showed reporters the blueprint of such projects prepared by foreign multi-national firms, notably those from South Korea which is keen on putting up a state-of-the-art coal-fired power plant, a Mid-East conglomerate that is eyeing the construction of an oil depot, and a giant industrial complex based in Eastern Europe that proposed the construction of a ship-building facility.

“It is ironic that while industrial giants want to bring to this town’s mega projects worth billions of US dollars that would generate thousands of jobs for our people, a few individuals want these projects stopped to serve their selfish interests,” Arcinue said. (RC)