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Manila Bulletin devider Philippines devider National devider PBBM vows to bring more investments for Cebu infra projects

PBBM vows to bring more investments for Cebu infra projects

Published Apr 27, 2024 05:41 am

President Marcos on Saturday, April 27, promised to bring in more investments and funding for infrastructure projects in Cebu to solidify its’ and Lapu-Lapu City’s status as the leading driver of economic growth and prosperity in the country.

PBBM_Independence Day.jpgPresident Ferdinand 'Bongbong' Marcos Jr. (Photo from the Presidential Communications Office)

He made the promise to invest in Cebu’s success, as well as noted the private sector’s role in nation-building, in his speech during the Capsule Laying Ceremony of the Mactan Expo Center at Mactan Newton, Lapu-Lapu City.

“The government, for its part, will also continue to invest in its success, which is why in 2024, the DPWH is funding about P2.9 billion in infrastructure projects here in Lapu-Lapu City alone,” Marcos announced.

The allocation will go to road widening projects, which aim to decongest traffic along major thoroughfares such as the Mactan Circumferential Road and the Mactan Airport Road.

Part of the funds will also be for the Cebu-Mactan 4th Bridge and Lapu-Lapu City Coastal Road, which are also Official Development Assistance (ODA) projects.

During the event, the President also led the capsule laying ceremony of the Mactan Expo Center within the 30-hectare The Mactan Newtown, which Marcos hailed for its transformation.

“All the feats that we are witnessing today follow in the footsteps taken by our valiant heroes, Datu Lapulapu and his warriors, the former of which the city where we are now is named after,” Marcos said.

The Chief Executive furthered that the Philippines is honoring the heroism of Datu Lapulapu through the “brave steps” being taken to develop the island and helping the people he fought for more than 500 years ago.

In his speech, the President thanked the Alliance Global Group, Megaworld, and the city government of Lapu-Lapu for setting a great example through their partnership that other localities and businesses can follow.

Related Tags

infra projects Lapu-Lapu City President Marcos
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