Davide: Access road needed-A A +A
Thursday, July 17, 2014
GOV. Hilario Davide III wants the fence of Cebu Property Ventures and Development Corp. (CPVDC) torn down to provide access to Filinvest Land Inc. (FLI) in implementing its P5-billion business processing outsource (BPO) complex project.
He said the Provincial Government and FLI have a joint venture agreement, and the Province is obliged to provide access to speed up the completion of the project.
FLI is building a four BPO-tower complex on Capitol’s 1.2-hectare property, which is beside the 23-hectare CPVDC area; it is separated only by a concrete fence.
FLI was allegedly prohibited by CPVDC to open an access road from its construction site, passing through CPVDC’s perimeter to cross to Geonzon St. inside the Cebu IT Park in Barangay Apas.
CPVDC is a subsidiary of Cebu Holdings Inc., which is an affiliate of Ayala Land.
Sun.Star Cebu tried to get the side of CPVDC, but lawyer Jeanette Japzon, corporate communications manager of CHI, could not be reached for comment.
In the joint venture agreement, the first BPO tower was supposed to be completed in May last year.
The Province has been receiving P600,000 monthly rent from FLI. Once the BPO complex gets operational, FLI will pay Capitol, apart from the rent, two percent from its gross monthly revenues or equivalent to P500,000, whichever is higher.
Davide believes that the fence was built by the City Government when the Cebu City Jail was still in the area to isolate the facility from its surrounding areas.
Published in the Sun.Star Cebu newspaper on July 18, 2014.