Manila City Mayor Francisco “Isko Moreno” Domagoso expressed full support for the Manila Waterfront City reclamation project, calling it the most significant development the city has undertaken in modern history and a lasting opportunity for the next generation of Manileños.
The Manila Waterfront City is a 318-hectare mixed-use development along Manila Bay, envisioned as a modern Central Business District and premier destination for business, tourism, lifestyle, and public recreation through a joint venture between the City Government of Manila and Waterfront Manila Premier Development, Inc. (WMPDI).
“This today is that historic moment.”
“This today is that historic moment. At least in our own little way as current leaders, as those temporarily entrusted to govern, we have something to offer to the next generation of opportunity and growth,” Domagoso said at the launch ceremony held at the Rizal Park Hotel in Ermita.
The project, undertaken with the Philippine Reclamation Authority as government partner and AECOM as master planner, carries an estimated cost of ₱76 billion and is projected to be completed within six years under a 51% government and 49% private land-sharing arrangement.
The mayor drew a direct comparison to Bonifacio Global City (BGC) to underscore the scale of the development.
‘Yung BGC 240 lang ‘yun, eto 300.”
“Mas malaki pa sa BGC itong gagawin na reclamation. ‘Yung BGC 240 lang ‘yun, eto 300. Just imagine because it brought progress and opportunity to the people of that particular LGU,” he said.
The project is expected to generate approximately one million jobs and business opportunities across construction, retail, hospitality, tourism, and other service sectors, while adding around 95 hectares of open and green spaces envisioned as a waterfront destination described as “Luneta by the Sea”.
The revised master plan includes a 250-meter shoreline setback in compliance with guidance from the National Historical Commission of the Philippines, ensuring that the development complements rather than displaces Manila’s historical and cultural identity.
Domagoso also committed to honoring contracts entered into by previous city administrations, saying the city wants to create an environment of certainty for investors and partners.
“When you do business in the City of Manila, it is certain. Kahit na kami ay magpalit-palit, kikilalanin namin ang mga kontrata,” he concluded.
