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CEBU, Philippines - The private developer of the proposed P1.2-billion Ciudad Project in the Banilad-Talamban area of Cebu City manifested their interest to pursue and complete the project within the year.
Officials of Fifth Avenue Property Corp. met with Governor Gwendolyn Garcia yesterday and made a presentation of their concept of the project which has been delayed for five years.
“The governor wants to make sure if they’re really interested otherwise we will look for options or alternatives,” Capitol consultant and spokesperson Rory Jon Sepulveda told reporters.
Sepulveda said after the developer manifested their interest, Garcia told them to proceed as soon as possible and wants the project be completed within this year.
“They manifested that once they start digging a hole, they can complete it within the year,” Sepulveda said.
Sepulveda explained that the developer is now working on the administrative requirements and it is beyond the power of the provincial government.
The proponent earlier submitted its traffic management plan to address the effect of the project on the traffic situation in the area.
Part of the traffic management plan is the opening of road networks inside the Ciudad project as access to and from the IT Park.
The expected traffic congestion that will be caused by the project was the main reason of the Cebu City government to issue a moratorium on any development in the Banilad-Talamban area.
The moratorium has affected the Ciudad project, which is a joint venture of Cebu Province and Fifth Avenue Property Corp. It is located at the old site of the Cebu International School. (FREEMAN)
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