CORAL World Park (CWP) Undersea Resorts, Inc. is still pursuing its $250-million leisure and tourism project in Coron, Palawan. “The new timeline now is 2021,” CWP Chairman and Chief Executive Officer Paul Monozca told BusinessWorld, referring to the completion of the project’s first three phases. The 400-hectare leisure and tourism project has been delayed for at least two years now, but CWP expects at least half of the development of the land area to be completed within three years. The first three phases involve the construction of a luxury resort, a budget resort and a 100-hectare theme park. Out of the P6-billion budget, P4 billion will be allocated for the theme park development and the rest for the two resorts.

Lim, J. C. (2018, July 4). Coral world park says it is still pursuing $250-M theme park-resort in Coron. BusinessWorld, p. S1/3.