MANILA - Cebu Landmasters Inc said Friday its 100-hectare reclamation project in Cebu City received an environmental compliance certificate (ECC) after a 2-year review period.

The Department of Environment and Natural Resources has issued an ECC to Ming-Mori Minglanilla reclamation project on July 22, Cebu Landmasters told the stock exchange.

"The next stage is to secure the approval of the Philippine Reclamation Authority," it said.

The techno business park project is a joint venture between the local government of Minglanilla and CLI affiliate Ming-Mori Development Corp., that is seen to generate over 75,000 jobs, the company said.

“We hope to achieve the best balance among economic, social and sustainability goals and are pleased that our plans, which have been aligned to that ideal, passed the test of public hearings and DENR’s stringent review process,” said CLI chairman and CEO, Jose Soberano III.

“The development project will not just modernize the landscape of Minglanilla but will also create immeasurable socio-economic opportunities to all people, not just for the Minglanillahanons,” Minglanilla Mayor Elanito Pena said.

The techno business park will house light industrial facilities and a township with residential and commercial areas, CLI said.