Megaworld Corporation, the country’s #1 residential condominium and business process outsourcing (BPO) office developer, is set to break ground today, May 6, on its Iloilo Business Park project. The company is setting aside P2.5 billion initially over the next two years to develop the road network within the 54.5-hectare IT park and for the construction of Richmonde Hotel Ilo ilo and Richmonde Tower plus two more BPO office towers within this time frame. The first retail component of the project, Festive Walk, will be completed in the latter part of 2012, after which M egaworld is set to invest more to bankroll the development until 2020. The site of the project is the former Iloilo Airport, which Megaworld acquired from the National Government in 2007 for P1.2 billion in cash. “With our groundbreaking rites today, we affirm the strong business prospects of Iloilo City and the Western Visayas region in particular. The Iloilo Business Pa rk is an important component of the BPO ...