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Article: Pagcor cites long-term benefits of Tourism City.(Metro & National News)
- Article from:
- Manila Bulletin
- Article date:
- April 11, 2008
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The ripple effect created by the government's biggest tourism development project, the Bagong Nayong Pilipino-Manila Bay Tourism City, would extend beyond the local hospitality industry and long after the year 2010, when locators in the project are expected to become fully operational.
Led by the Philippine Amusement and Gaming Corp. (Pagcor), the Tourism City is expected to generate as many as 250,000 new jobs in the first phase alone, besides boosting foreign tourist arrivals by over one million visitors annually and increasing revenues for the national government through lease payments and tax revenues.
Efraim C. Genuino, Pagcor chairman and chief ...