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

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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.

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