Rama to focus on investment pledges for Cebu City after Charter day

CEBU. Cebu City Mayor Mike Rama during the flag raising ceremony on Monday, February 20, 2023. (Cebu City PIO photo)
CEBU. Cebu City Mayor Mike Rama during the flag raising ceremony on Monday, February 20, 2023. (Cebu City PIO photo)

THE Cebu City Government will concentrate on the investment commitments made by wealthy businessmen in the Philippines to help the city achieve a Singapore-like status.

Cerwin Eviota from the Office of the Mayor on Monday, February 20, said Mayor Michael Rama is still focusing on preparations for the 86th Charter Day on Friday, February 24.

He said the mayor will look into the situation after the celebration.

Since its original founding as a Spanish colony in 1565, Cebu remained a town until it was inaugurated as a chartered city on February 24, 1937 under the presidency of Manuel L. Quezon. The author of the Cebu City Charter was Don Vicente Rama.

One of the big projects under Rama's administration is the multi-billion unsolicited proposal by the Manila Water Philippines Venture (MWPV), which has already submitted their letter of intent in October 2022.

Eviota learned that MWPV has already started its feasibility study on the project, though he was unsure as to whether it has already been finished or is still in progress.

The City’s public information officer said he was expecting MWPV to submit its unsolicited proposal for the construction of a fourth dam in the Mananga River, which is located within Cebu City's jurisdiction, following the feasibility study.

Eviota added that Rama will also give priority to pledges for the unfinished Cebu City Medical Center, medium-rise buildings and other investments from tycoons in Cebu and Manila.

Lawyer Jerone Castillo, the city’s special assistant on special projects, will oversee the projects.

Eviota said Rama and other city officials will go to Manila after Charter Day to do another round of “investment begging.” (PAC/TPT)

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