CEBU CITY – The provincial government has partnered with Singapore in its bid to come up with sustainable infrastructure projects and boost the province’s economy.
Gov. Gwendolyn Garcia, Singaporean Ambassador to the Philippines Constance See, Lavan Thiru, executive director of Infrastructure Asia, and members of the Cebu Provincial Economic Enterprise Council (EEC) attended the ceremonial signing of memorandum of understanding (MOU) at the capitol on Wednesday, September 25.
THE provincial government of Cebu, through Gov. Gwendolyn Garcia, has forged a partnership with Singaporean firm Infrastructure Asia for the implementation of sustainable infrastructure projects in the province. (Cebu PIO)
Under the MOU, Cebu and Infrastructure Area will partner for sustainable projects focusing on, but not limited to, water supply, waste management, renewable energy, and transportation.
“The future looks bright indeed now that we have an ally in looking for more interested investors who are willing to come over, partner with the Cebu provincial government, and truly be one with us in pushing this island province into even greater heights of progress and development,” Garcia said.
The partnership between Cebu and Singapore will translate to more opportunities for both areas, See said.
“We are confident that this partnership will open doors to sustainable infrastructure solutions that will benefit the people of Cebu and create opportunities for Singapore-based companies to contribute meaningfully,” she said.
Infrastructure Asia was established by the Singaporean government, through its Enterprise Singapore and the Monetary Authority of Singapore, to support infrastructure financing and development in the region.
The company’s collaboration with the Cebu provincial government will not only cover hard infrastructure projects themselves but also to facilitate “connections with international investors, seek market feedback on projects, and amplify the visibility of projects to an international audience.”
“We do have good solutions in Singapore that can help address some of the concerns that you have raised with us,” Thiru said.