News Formal

Joint venture committee called to face Cebu City Council over Carbon Market development

  • 📰 cebudailynews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Cebu City Council is calling the Joint Venture Selection Committee (JSVC) to explain the disputes on the proposed Carbon Market development.

The CFI Community Cooperative seeks to counter the unsolicited proposal of Megawide Construction Corp. for the multi-billion modernization of the Carbon Market.

However, since the JVSC has not endorsed any contract to the council yet, the council cannot act on the counter proposal by the CFI against Megawide. “At this point, it would be premature because we have not received a contract from the executive department. For now we can just wait any of the joint ventures that has to pass through the council for approval,” said Garcia.

Councilor Eugenio Gabuya, Jr., said the council must be informed of the final plans for the JVA so that the council can provide inputs on the final contract.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CFI to Cebu City government: Give us chance to develop Carbon MarketThe CFI Community Cooperative is asking the Cebu City government to give them a chance to develop the Carbon Market.
Source: cebudailynews - 🏆 8. / 71 Read more »