THE projected shortfall in power supply on Siargao Island, the “Surfing Capital of the Philippines,” has halted major hotel investors from pursuing the construction of their properties.
Former Senate President Miguel Zubiri made this disclosure at the hearing on Tuesday on his Senate Resolution 1121 which calls for an inquiry into the economic impact of poor and inadequate infrastructure and insufficient water supply on the tourism industry.
A tourism source separately confirmed to the BusinessMirror that they, too, were informed about the power shortfall, which is the reason they are decreasing the number of rooms at their resort. But they will continue building, the source said on background: “We are working with the electric company to supply us enough power in two years,” when their property is scheduled to open.
A recent survey by Leechiu Property Consultants indicated that Siargao, which hosts international surfing and game fishing competitions, is attracting a lot of interest from hotel investors, who considers it an “emerging market.”, June 24, 2024.) At the hearing, resource persons intimidated that right-of-way issues as well as the high cost of land on Siargao have blocked efforts to expand its current airport, and the construction of an international airport, respectively. Despite these, and other challenges, such as the lack of clean toilet facilities, potable water supply, and inroads connecting one municipality to another, tourism there has helped boost Caraga region’s economic development.DINAGAT Islands Gov. Nilo Demerey Jr.
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