An Australian shipbuilding company, Austal, will soon build US Navy ships in Balamban town, west Cebu.
The operation will generate at least 2,000 jobs in the town, said Cebu Provincial Board Member Alex Binghay, who is Balamban’s former mayor.
Austal, which manufactures aluminum-hulled vessels, has started developing a part of the site of FBMA Marine Inc, an Aboitiz-owned shipbuilding plant inside the West Cebu Industrial Park in Balamban.
Binghay said Austal signed a $10-billion contract with the United States Navy to build military support ships and would sign an agreement with the municipality of Balamban within two months for the formal operation of the firm in Cebu.
He said this would be a “big investment†for the town.
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