Divided Cebu City Council agrees to make changes in Carbon Market JVA

Dyrecka Letigio 09/01/2021

CEBU CITY, Philippines — The Cebu City Council agreed to draft a supplementary memorandum of agreement (MOA) to the Joint Venture Agreement (JVA) for the Carbon Modernization project between the city government and Megawide Construction Corp. This…

Rama: Carbon project needs more scrutiny

Dyrecka Letigio 08/26/2021

CEBU CITY, Philippines — Cebu City Vice Mayor Michael Rama said the joint venture agreement (JVA) the city went into with Megawide Construction Corp. for the Carbon Market modernization program would need more scrutiny. In a statement…

Cebu City to get P5 million from Megawide this year for Carbon Market modernization

Delta Dyrecka Letigio 06/15/2021

CEBU CITY, Philippines — Cebu City will get P5 million by the end of this year as the Carbon Modernization Project to be undertaken by Megawide Construction Corporation commences. This was the agreed-upon amount in the Joint…

Labella slams City Council: You gave authority to sign JVA

Delta Derycka C. Letigio 03/25/2021

CEBU CITY, Philippines — Cebu City Mayor Edgardo Labella said there is no impediment in the joint-venture-agreement the city undertook with Megawide Construction Corp. for the modernization of the Carbon Market. This was his response after the groundbreaking…

Vendors: We will not give up Carbon Market

Delta Dyrecka Letigio 03/23/2021

CEBU CITY, Philippines — The Carbon Market vendors are dismayed that the groundbreaking for the Carbon Modernization program will push through on Tuesday, March 23, 2021, despite issues surrounding the joint-venture-agreement (JVA) the city has entered through…

Megawide continues talks with Carbon Market vendors

Delta Dyrecka Letigio 03/18/2021

CEBU CITY, Philippines — The developer of the Carbon Market modernization program, Megawide Construction Corporation, which has been granted a joint-venture agreement (JVA) with the Cebu City government, continues to discuss concerns with the stakeholder-vendors of the…

More Carbon vendors oppose privatization, want JVA junked

Morexette Marie B. Erram 03/01/2021

CEBU CITY, Philippines—More vendors from the Carbon Public Market here joined the call for officials of the Cebu City Government to reconsider the joint venture it has entered with engineering giant Megawide Construction Corporation in redeveloping the…

Cebu City Administrator: JVA for WTE incinerator ‘toughly’ reviewed

Delta Dyrecka Letigio 12/09/2020

CEBU CITY, Philippines — Cebu City Administrator Floro Casas, Jr., assured the public that the proposed joint venture agreement (JVA) with an international company offering waste-to-energy (WTE) incineration facilities will be thoroughly reviewed for the best interest…

Labella okays joint venture deal for digital traffic system upgrade project

Delta Dyrecka Letigio 10/14/2020

CEBU CITY, Philippines — Cebu City Mayor Edgardo Labella has issued a notice to proceed for the joint venture agreement (JVA) between the city and two companies that will update the 30-year-old traffic system of the city.…

Cebu City mulls JVA with private company for underground wiring pipeline for telcos

Delta Dyrecka Letigio 02/20/2020

CEBU CITY, Philippines — The Cebu City government is working on a joint-venture agreement (JVA) with a private company that would build underground electrical connections for telecommunication.  Councilor Jerry Guardo, council’s chairperson for the committee on infrastructure,…

Garganera: Use P2B Filinvest JVA earnings on access roads to SRP

Delta Dyrecka Letigio 02/15/2019

CEBU CITY, Philippines—Use the P2 billion earnings from the joint-venture agreement (JVA) with Filinvest Land Incorporated (FLI) to build access roads from Barangay Pardo to the South Road Properties (SRP). This was the suggestion of Cebu City…

Cebu City receives P1B from Filinvest’s JVA’s 10th year share for SRP dev’t

Delta Dyrecka Letigio 02/15/2019

CEBU CITY, Philippines—The Cebu City government received P1 billion from Filinvest Land Inc. for the 10th year of their Join-Venture Agreement (JVA) to develop a 40-hectare property at the South Road Properties (SRP) which was inked in…

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