LEISURE & RESORTS World Corp. (LRWC) said it remains on track to open its $550-million integrated resort in Boracay by 2021, denying that the project has been delayed due to the island’s six-month closure since April. LRWC Vice-President and Compliance Officer Katrina L. Nepumoceno explained that the timeline for the project construction remains, given that the company has already secured the property in November 2017, long before the island was closed for rehabilitation three months ago. “We were able to finish what we needed to do prior to closing. The focus now is to participate in all stakeholders’ forum, the Boracay Task Force, so we can listen in to the plans, and make sure that our plans will be compliant with all environmental requirements,” Ms. Nepumoceno told reporters after the company’s annual shareholders’ meeting in Pasay City last Friday.

Francia, A. B. (2018, July 30). LRWC's Boracay resort on track for 2021 opening. BusinessWorld, p. S1/3.