Wednesday, October 29, 2014

CA rules in favor of Clark project


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clark.com.ph/

clark.com.ph/



MANILA, Philippines–The Court of Appeals has issued a writ of preliminary injunction against a dismissed contractor of the 177-hectare Global Gateway Logistics City (GGLC) in the Clark Freeport Zone, effectively allowing project owner Global Gateway Development Corp. (GGDC) to proceed with the project, including the construction of The Medical City (TMC) Clark, a world-class 150-bed hospital, by December this year.


In a nine-page resolution, the Court of Appeals’ 8th Division on Oct. 21 ruled against Peregrine Development International Inc., the disgruntled contractor, which has been trying to block the development of The Medical City hospital and GGLC.


The court also issued a writ of preliminary injunction, stopping Angeles City Regional Trial Court Branch 58 Presiding Judge Omar T. Viola from issuing further decisions on the case. Judge Viola earlier ruled in favor of Peregrine, despite the ongoing arbitration case between the two companies in Singapore.


The appellate court earlier ruled in favor of GGDC to regain control of the Global Gateway Logistics City project, a master-planned “aerotropolis” in Clark Freeport whose development is being blocked by Peregrine Development.


GGDC has invested over $100 million in GGLC which is seen to create over 300,000 jobs and an annual payroll of $600 million.


GGDC president Mark Williams said the court’s decision would help the company to complete works on the world-class TMC hospital project by the end of the year. He said the hospital project would provide world-class health services for thousands of Filipinos in the region.





  • Tags:


  • Business


  • Clark


  • Clark Freeport Zone


  • court


  • Court of Appeals


  • Global Gateway Logistics City


  • Peregrine Development International


  • The Medical City




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