Groundbreaking for redevelopment of Carbon Public Market moved anew sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
SunStar Going to Carbon will be more than just going to the market
CEBU TO WORLD DEVELOPMENT. The seven-hectare property development, a venture between the Cebu City Government and Megawide Construction Corp. at no cost to the City, is a P5.5-billion, five-year project that begins in 2021. While Megawide will maintain the new development for at least 50 years, the Cebu City Government will retain ownership of the market and will continue to oversee its operations.
PUSO NIGHT MARKET. Designed like the puso (hanging rice), this night market is envisioned to open in the fourth quarter of 2021.
PHASE 1. The first phase of development covers six blocks: 1 and 2 will be the new Carbon Public Market, 3 the wholesaler market, 4 the lifestyle village, 5 the boqueria and 6 would be the airport in-city check-in facility and the 24/7 Puso market.
Published January 12, 2021, 6:55 AM
CEBU CITY (PNA) – Infrastructure developer Megawide Construction Corp. on Monday signed a joint venture agreement with the city government here for the P5.5-billion redevelopment package that will transform Carbon Public Market here into a commercially viable market hub.
MODERNIZATION DEAL. Vendors and market-goers converge along the Quezon Boulevard at Carbon Public Market’s fruit and vegetable section. (PNA photo by John Rey Saavedra)
In a press conference on Monday, Manuel Louie Ferrer, executive director for infrastructure development of Megawide, said the first phase of the project will involve the night market area near Compania Maritima up to the interior area of the market complex.
SunStar
+ January 11, 2021 MEGAWIDE Construction Corp. on Monday, Jan. 11, 2021, signed a joint venture agreement with the Cebu City Government for the phased redevelopment of the Carbon Public Market.
Megawide, parent firm of Mactan-Cebu International Airport (MCIA) concessionalre GMR Megawide Cebu Airport Corp., said in a disclosure that it will invest P5.5 billion in the project. Civil works will start in March 2021.
“Our target (groundbreaking) date is in March and tuloy-tuloy na (we will continue with the civil works),” Megawide chief corporate affairs and branding officer Manuel Louie Ferrer said.
The City Government, on the other hand, granted Megawide exclusive use and possession of the project site.
Megawide submits formal appeal for revoked preferential status on NAIA rehab project before MIAA, DOTr
Updated Dec 21, 2020 12:19:00 PM
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endIndex: The proposed design of the Ninoy Aquino International Airport is inspired by the Banaue Rice Terraces (FILE PHOTO)
Metro Manila (CNN Philippines, December 21) Megawide Construction Corporation on Monday filed a formal appeal to reinstate its preferential status on the plan to rehabilitate the Ninoy Aquino International Airport.
Megawide Chief Branding and Corporate Affairs Officer Manuel Louie Ferrer confirmed the filing of the motion for reconsideration before the Manila International Airport Authority and the Department of Transportation on Monday morning, a week after the regulator voted to strip Megawide and its Indian partner GMR Infrastructure of its original proponent status for the ₱109-billion project.