Monday, July 4, 2011
ASIDE from its interest in building a plasma gasification facility in Cebu, Quantum International also expressed willingness to build hotels, homes and hospitals here.
Quantum International chief executive officer and director for operations Al Johnson said in a recent interview the company will invest $1 billion for the development of four hotel projects in Manila and Cebu. He said the company is looking at four properties in Cebu.
The estimated cost of hotel construction is from $50 million to $75 million, which will be managed by the Lancaster Group of Hotels. Quantum International recently bought the Lancaster Hotel in Barangay Pusok, Lapu-Lapu City.
Johnson said he hopes to position the hotel as a business hotel with 400 to 1,000 room units.
Aside from building hotels, the company also expressed willingness to build hospitals in Cebu under a joint venture with Cebu Province and medical groups.
Johnson envisioned the hospital to be similar to that of the medical complex in Malaysia, whose development was put on hold due to political conflicts.
“The plan to put up a medical facility here is to further strengthen Cebu’s footing in the medical tourism. The facility will be opened for foreign medical students for education and practice,” Johnson said.
The planned hospital will feature state-of-the-art facilities with 300 to 350 beds with air transport service support for high-risk patients, especially those from remote areas.
Quantum International deals in the design and construction of Insulated Concrete Forms (ICF) and all-steel structures for commercial, industrial and government building projects. The company is establishing ICF plants in Malaysia and Philippines. The plant will also service affordable housing projects requested by numerous countries affected by adverse weather.
In the area of construction, the firm is active in Latin America, India, Middle East and Asia.
Johnson said Quantum International is willing to partner with local governments in the construction of low-cost housing. The firm built up to 1,000 housing units in Latin America.
Johnson earlier expressed his optimism and willingness to invest in the Philippines, citing its thriving economy and business-friendly environment. Johnson said the building of hotels, hospitals and affordable housing is in line with the company’s five-year commitment to the country.
He earlier announced its willingness to build a plasma gasification facility to convert the municipal waste of the province into energy. He said the process can convert one ton of municipal waste into one megawatt of power.
Published in the Sun.Star Cebu newspaper on July 05, 2011.
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