The Philippines: Gensan Shipyard, a member company of the RD Group, will host a ground breaking ceremony for a new shipbuilding facility, with President Gloria Macapagal-Arroyo as its invited principal sponsor.
‘When completed and fully operational, the US$5.18 million facility is set to be the biggest in Mindanao. It will host twin slipways with a combined capacity of 10,000GT. The railways measures 345 metres by 33 metres. When the facilities open in the fourth quarter of this year, Gensan expects to employ over 700 workers. Gensan Shipyard is strategically located in the regional “MAKIMA” (Maasim-Kiamba-Maitum) growth area near the BIMP- EAGA (Brunei-Indonesia-Malaysia-Philippines East-Asian Growth Area). “The Philippines and most of the ASEAN countries need ships and vessels to transport their products. Gensan Shipyard is paving the way for other investors, both local and foreign, to come and invest in the province of Sarangani,” said Rodrigo E Rivera, Sr, RD Group Chairman and CEO. The Municipality of Maasim in the Province of Sarangani is one of the poorest in the country, but the facility is hoped to be a catalyst in the BIMP-EAGA trade development. The project will play a key role in the Ro-Ro sea transport program of the government.