An artist impression shows a redeveloped Carbon Market which will soon undergo a P5.5-billion redevelopment program that will transform it to a commercially viable market hub.
Louie Ferrer, managing director of Megawide, said the company embarked on the mammoth project as part of the company’s vision to develop a “first world Cebu.” The Megawide Foundation will also conduct livelihood training for some residents that will be affected by the redevelopment.
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Cebu City to get P50M annually from modernized Carbon MarketCEBU CITY, Philippines — Cebu City should get around P50 million annually once the modernized Carbon Market is operational. According to Louis Ferrer, the executive director for infrastructure of Megawide, this was the agreed minimum guaranty the city will get for allowing Megawide to modernize and co-operate the market. This means that within the 50 […]
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Megawide assures vendors: Carbon Market to remain publicCEBU CITY, Philippines — Megawide Construction Corp., the developer for the modernization of the Carbon Market, assured vendors that the market will remain public. This amid reports that the modernization would constitute a privatization of the public market and would displace the at least 5,000 vendors and tenants there. Megawide Executive Director for Infrastructure, Louis […]
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