Divided Cebu City Council agrees to make changes in Carbon Market JVA

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CEBU CITY, Philippines -- The Cebu City Council agreed to draft a supplementary memorandum of agreement (MOA) to the Joint Venture Agreement (JVA) for the Carbon Modernization project between the

This is an artist’s impression of a redeveloped Carbon Public Market | Photo courtesy of Megawide Construction Corporation

Megawide representatives and the vendors were both invited for the public hearing of the amendments in the market code as proposed by Councilor Renato Osmeña Jr. “Rather than spending time in trading barbs, the adoption of a remedial and curative approach is always a better alternative,” said Rama. He appealed to the City Council to create an MOA that would supplement the JVA and address the deficiencies in the originally signed contract.

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