08 April 2013

Hanjin to unveil 30-ha village for its 18,000 shipyard workers

The biggest shipbuilding firm in the country will unveil a village made for its 18,000 shipbuilding employees this Saturday in Sitio Nagbayto, Baranggay Nagbunga in Castillejos, Zambales.

Dubbed as the “Hanjin Village”, the housing community project is situated on a 30-hectare land area in Sitio Nagbayto, some 30 minute drive to Hanjin’s shipbuilding facility in Redondo Peninsula.

The real estate property was provided for free thru the efforts of the Korean shipbuilder in furtherance of its Corporate Social Responsibility (CSR) program of providing quality yet affordable housing units to qualified workers of the shipbuilding subcontractors operating inside the Hanjin Subic shipyard.

The project was made possible through the “Housing Needs Matching Program” pioneered by Pag-IBIG in which the latter matches the needs of employers for their employee housing need with developers capable of providing such housing facilities.

“The cost to employee is reduced by the exclusion of marketing cost due to needs matching, as well as salary deduction arrangement and other commitment of employer to Pag-IBIG – all these towards a sustainable employee-retention program”, according to Pag-IBIG CEO Atty. Darlene Berberabe in an earlier statement released through the media.

The partnership with Pag-IBIG is in line with the direction Vice-President and Pag-IBIG Chairman Jejomar C. Binay had initially set which is characterized by active collaboration with LGUs or employers for the housing needs of their constituents and employees, respectively.

“This day marks the affirmation of our commitment in addressing the housing needs of the Hanjin shipyard workers.”

Due to the cooperation between Hanjin, Office of the Vice-President, Pag-IBIG, and real estate developer Fiesta Communities Inc., shipyard workers will be able to avail of housing units with no down payment or cash outlay, low interest rates by Pag-IBIG, and greatly cheaper prices compared to other housing projects in the market.

This project is a model for future tie-ups between the government and private institutions in the area of housing. Indeed, it is a good example of strong public-private partnership as the parties share common values and priorities,” according to HHIC-Phil President Jin Kyun Ahn. (Jonas Reyes, Manila Bulletin)