PAGCOR LICENSEES GIVE PHP60-M FOR NEW VMMC WING

Defense Secretary Gilberto Teodoro (8th from right) graces the ceremonial pouring of cement to kick off the construction of the Veterans Memorial Medical Center (VMMC) Magiting Wing project initiated by the Philippine Military Academy (PMA) Class of 1970. Also in photo are the project's major sponsors, key officials of VMMC and representatives of PMA's Magiting Class.

The Veterans Memorial Medical Center will soon have more patient rooms with the
start of construction for the Magiting Veterans Wing on Friday, September 22,
through a Php60 million grant from two licensees of the Philippine Amusement and
Gaming Corporation.

The Magiting Veterans Wing is a project initiated by the Philippine Military Academy
Magiting Class of 1970 with funding support from Bloomberry Cultural Foundation
Inc. (BCFI) and Newport World Resorts Foundation, Inc. (NWRFI), among others.

The two foundations, representing Solaire Resort and Newport World Resorts,
respectively, each released Php30 million with PAGCOR’s approval.


The project will be carried out in two phases. The first will be sponsored by BCFI and
covers civil, structural, mechanical, electrical, masonry works and roof deck
waterproofing while the second phase will be funded by NWRFI and consists of
works, fixtures and devices.

The Magiting Wing will have a total floor area of 1,379.84 square meters and will
house 12 new private rooms inclusive of four suites, a nurse station, lounge area,
hallway, storage, access ramp and connecting bridge to the main hospital building.

PAGCOR Chairman and CEO Alejandro H. Tengco said the agency approved the
grant from the casino foundations because of the project’s noble objective.

“PAGCOR recognizes the patriotism and sacrifice of Filipino veterans who dedicated
their youth, vigor, strength and even lives for our country. By supporting this noble
project, we show our gratitude to our modern-day heroes and their families,” he said.

Tengco said all integrated resort casino licensees in the country are required to put
up a foundation to fund Corporate Social Responsibility programs on education
infrastructure, health facilities, environmental preservation and cultural heritage
restoration.

Two percent of the licensees’ gross gaming revenues from non-junket tables
automatically go to such foundations.

Defense Secretary Gilberto C. Teodoro, who graced the ceremonial concrete pouring
for the project, expressed gratitude to the project supporters.

“As donee, we will provide the necessary maintenance and other operating
expenditures to see to it that your donations will not go to waste,” he said.

Teodoro said other plans to improve the welfare of Filipino veterans include
decentralizing the VMMC’s services and the upskilling of hospital personnel so that
doctors and specialists can focus more on caring for patients.

“No soldier ever retires. They are always a part of the system. They provide
guidance and support to our active personnel hence their job as a soldier is never
done,” he said.

Aside from BCFI and NWRFI, other major sponsors of the Magiting Veterans Wing
project are DMCI, San Miguel Corporation and some retired military personnel.

Facebook Comments