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The Cebu Port Authority (CPA) bared that the procurement of civil works for the construction of New Cebu International Container Port Project (NCICPP) in Tayud, Consolacion is underway and if the schedule will proceed as planned, the groundworks will finally begin in August 2021.
This was revealed by CPA during the 160th Maritime Forum of the Maritime League.
Engr. Romel Pegarom, acting manager of CPA’s Planning and Monitoring Division, said during his presentation that the Department of Transportation (DOTr) targets to award the project in July 2021 and that the groundbreaking is scheduled on Aug. 16, 2021.
The NCICP Project costs around P9,962,000,000.00 which will be financed through the $172.64-M loan agreement signed in 2018 by the Philippine government and South Korea’s Export Import Bank of Korea (KEXIM) equivalent to P8.48-B and a counterpart fund of around P1.28-B by the Philippine National Government.
SunStar
File photo February 26, 2021 THE Cebu Port Authority (CPA) announced that the procurement of civil works for the construction of the New Cebu International Container Port Project (NCICPP) in Tayud, Consolacion is “underway.”
“If the schedule will come as planned, the groundworks will finally begin in August 2021,” CPA said in a press statement. CPA also revealed this during the 160th Maritime Forum of the Maritime League on Tuesday, Feb. 23, 2021.
Engr. Romel Pegarom, acting manager of CPA’s Planning and Monitoring Division, said during his presentation that the Department of Transportation (DOTr) targets to award the project in July 2021 and that the groundbreaking is scheduled on Aug. 16, 2021.