Japan plans to fund Manila “Skytree’ which is set to become the world’s 2nd tallest tower

  • Japan is planning to invest in the construction of Manila’s equivalent to Tokyo’s “Skytree”
  • Once completed, it will become the country’s tallest tower and the world’s second tallest tower
  • The project will cost around P41.6-B to build and is scheduled to be completed in 2019

MANILA, Philippines – The Japanese government is reportedly contemplating on funding Philippine Diamond Tower – Manila’s answer to Tokyo’s Skytree; currently the world’s tallest tower and the second tallest man-made structure in the world after Dubai’s Burj Khalifa.

The proposal to build the Philippine Diamond Tower was unveiled back in July 2014 by Quezon City Mayor Herbert Bautista after Japan’s Mitsubishi Electric Corp. expressed intention to build the structure via a public-private investment fund.

But a recent report by The Japan News on February 15 disclosed that Tokyo’s Corporation for the Overseas Development of Japan’s ICT and Postal Services is considering investing in the ambitious project with local subsidiary as part of of its plan to establish a new entity together with the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN).

The tower is scheduled to be completed in 2019 and will cost around JPY 1-billion (PhP 41.6-B) to build. Its planned height is 612-meters in honor of the Philippine Independence Day (June 12).

Once completed, the Philippine Diamond Tower will become the country’s tallest tower, and the world’s second tallest tower behind Tokyo’s Skytree whose height is 634 meters.(Click here to read more)

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