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LGUs, NEDA Laud NSC Revival

Local officials  and the National Economic and Development Authority (NEDA), the government’s think thank in Northern Mindanao has lauded the rebirth of the mothballed National Steel Corporation (NSC) in Iligan City.

NEDA 10 Regional Director  Myla Faye Carino expressed full support in the revival of NSC saying the integrated steel plant will  spur economic activity in  region, support downstream businesses and create thousands of jobs for the people of Mindanao.

Cagayan de Oro City Mayor Oscar Moreno  has welcomed the development  saying the proximity of Agus hydro electric plants  is an advantage and the cost of modernizing the plant is mitigated because  the foundation of the plant is already there.

On the other hand, Iligan City Mayor Celso Regencia has expressed optimism on the new NSC after it received the letter of intent from a European-led consortium to rebuild the old NSC back to its glory days as the country’s powerhouse in steel production and source of employment opportunities at this time of global pandemic.

The new 4-B euros integrated steel plant will be put up at the same site of the old NSC in Barangay Roxas, Iligan City.

Technical preparations are now being fast-tracked by a leading European developer of modern, state of the art steel facility.

(Source: Mindanao News Daily)

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