Louie Ferrer, Executive Director of MEGAWIDE Construction Corp. for Infrastructure, said they respect the decision of the Cebu City Government when their council adopted a Memorandum of Agreement (MOA) to complement the existing public carbon clean up agreement decision (made by the Cebu City Council), “he said in a mixture of English and Cebuano in an interview with Cebu Media on Thursday evening, September 23rd.

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“We are ready to sit down with them because we respect the process and respect their decision as long as it is fair,” he added. As a reminder, the city council passed a supplementary MOA, introduced by Vice Mayor Michael Rama on September 1, 2021, which complements the existing Joint Venture Agreement (JVA) for the Carbon Public Market redevelopment project. Additional documents required include the Megawide Feasibility Study eligibility documents (technical and financial) including a financial forecast for the proposed project and the full unsolicited proposal submitted by Megawide. The supplementary MOA also intends to change and improve some parts of the provisional prison conditions, such as the start of construction and conditions precedent for the start of construction. Ferrer said they would not find any deficiencies in the prison or on the Cebu City side because he said they went through the right process, but if so, they are ready to sit down with the council and negotiate the MOA already started and this applies not only to Megawide, nor to the sellers alone, but to the entire Cebu City. “Sana, you’re looking at this because you don’t have time,” he said of P. 50 million. In addition, there are about 25 million pesos in taxes. He said their capital expenditures on building the infrastructure in carbon during the first phase will be about 5.5 billion pesos. He also said these big changes in the public carbon market will boost the city’s economy. “If you look at the carbon records, the contribution of carbon to Yung City was highest in 2019, which was about 21 million pence compared to Siguro, minimum NATO, is P75 million diba?” he said. He said they will continue to fight for the remediation despite the problems arising from the project. The actual development was handed over by Megawide certificates of appreciation to around 40 outpatient vendors at the Carbon Public Market on Thursday, September 23rd. The documents signed by the mayor and Megawide, Ferrer, guarantee that the outpatient vendors will be allocated space in the new Carbon Public Market facility also make it clear that it is not only the stallholders who are prioritized because of the contradicting information from the local government and the group of outpatient vendors from LAVO Seaside, said she supports the modernization of the old carbon. “Na lipay kay mi na makatinda g’yod mi diha, magpabilin kay naa mi panginabuhian diba. Mao nay gikuhaan nako panginabuhian for all the other people who have walo kabuok,” she said. (WBS)

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