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Neda greenlights extension of Cebu BRT project loans. (File photo)
+ May 19, 2021 THE National Economic and Development Authority (Neda) Investment Coordination Committee has approved the two-year extension of the foreign loans for the Cebu Bus Rapid Transit (BRT) project that the Department of Transportation (DOTr) has asked for.
This was confirmed by Norvin Imbong, officer in charge project manager for Cebu BRT, in a phone interview on Wednesday,
May 19, 2021.
Imbong said they were informed by their counterparts in Manila that the loan from the French government, through the Agence Francaise de Développement (AFD), closed in March this year, has been extended until March 2023, while the loan from the World Bank (WB) set to close this June 2021 has been extended until June 2023.
Published February 24, 2021, 12:00 PM
CEBU CITY (PNA) – The Cebu Bus Rapid Transit (CBRT) System will be partially operational by the end of this year and fully operational in early 2023, the Office of the Presidential Assistant for the Visayas (OPAV) said on Tuesday.
Architectural Design of one of the stations of the Cebu City Bus Rapid Transit Project. (Photo from Cebu City BRT’s Facebook page / MANILA BULLETIN)
“The DOTr (Department of Transpor0tation), through Secretary Arthur Tugade, maintains that even if we are struck by the Covid pandemic, they remain to target partial operation of the project by December 2021 and full operation by January 2023. The next big step for Cebu BRT is land acquisition and bidding,” OPAV Assistant Secretary Anthony Gerard Gonzales said in a statement.