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Monday, March 25, 2019

Financial aspect of Kawit dev’t proposal up for scrutiny today

THE ad hoc committee tasked to scrutinize the P18-billion unsolicited proposal of a private firm for a joint venture project with the Cebu City Government to develop Kawit Island in the South Road Properties will evaluate the proposal’s financial aspect today.

Councilor Renato Osmeña, who also serves as chairman of the ad hoc committee, said they will hold a hearing on March 23 and April 4 to cover the technical and legal aspect of the proposal, respectively.

“We will fast track the committee hearing as long as they will be able to submit the requirements... because this is no joke, this is P18 billion, we have to make sure that the interest of the city is protected,” he said. (RVC)
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