Dubai’s Kampac Oil Group which has an ongoing Energy City project in Sual, Pangasinan, plans to increase its long-term investment in the Philippines to $15 billion that will include a railway from its project site in Pangasinan to Manila
Special adviser of the company’s Energy City project in Sual, Pangansinan, Allyson Artes said the project engineers decided to add railway lines that would link the site to Manila.
“Energy City has taken a new shape by adding railway line to the project.
There will be two railway lines from the city to Manila. Cargo line and a passenger line.”
“Kampac is confident Asia will continue to grow especially Philippines and needs more energy to meet the challenges of the 2020’s which is energy security.”
“Even though the cost of the project will be well over $15bn in 15 years but we are not fazed by it because we believe Philippines has the potential to become the first Asian country to triple its growth in the next 10-15 years,” The company said
“Our two world renowned project Managers Aurecon Australia PTY and Mott Mcdonald UK have taken charge of the design and engineering, planning and management of this multi-purpose city, the first of its kind in the world,” Kampac Oil Group said.
According to their plan, Kampac Energy City will have a non-commercial port, a township and a railway from Energy City to Manila. The projects shall take 5-15 years to complete.
The company plans to distribute and sell oil in Asia, with the Philippines as its distribution hub. The company said it completed its shortlisting process of consultants and contractors and preparing towards the ground breaking which will take place by the second quarter of 2016.
Once the project was completed, Kampac said it would hire about 10,000 to 14,000 workers. -John Esconde