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CPA gives updates on new Cebu Int'l Container Port Project

The Cebu Port Authority (CPA) bared that the procurement of civil works for the construction of New Cebu International Container Port Project (NCICPP) in Tayud, Consolacion is underway and if the schedule will proceed as planned, the groundworks will finally begin in August 2021.
This was revealed by CPA during the 160th Maritime Forum of the Maritime League.
Engr. Romel Pegarom, acting manager of CPA’s Planning and Monitoring Division, said during his presentation that the Department of Transportation (DOTr) targets to award the project in July 2021 and that the groundbreaking is scheduled on Aug. 16, 2021.
The NCICP Project costs around P9,962,000,000.00 which will be financed through the $172.64-M loan agreement signed in 2018 by the Philippine government and South Korea’s Export Import Bank of Korea (KEXIM) equivalent to P8.48-B and a counterpart fund of around P1.28-B by the Philippine National Government. ....

South Korea , Romel Pegarom , Leonilo Miole , Cebu International Port , Department Of Foreign Affairs , Philippine National Government , Korea Export Import Bank , Monitoring Division , Maritime Forum Of The League , Cebu Port Authority , Department Of Transportation Dotr , Cebu International Container Port Project , New Cebu International Container Port Project , Maritime Forum , Export Import Bank , Philippine National , Manager Leonilo , Cebu Baseport , Foreign Affairs , Municipal Government , தெற்கு கொரியா , ஸிபூ சர்வதேச போர்த் , துறை ஆஃப் வெளிநாட்டு வாழ்க்கைத்தொழில்கள் , பிலிப்பைன் தேசிய அரசு , கொரியா ஏற்றுமதி இறக்குமதி வங்கி , கண்காணிப்பு பிரிவு ,

P5.9-B New Cebu International Container Port eyes August groundbreaking

CEBU CITY After some delays, civil works for the multi-million Cebu international container port project will finally begin within the second half of this year. ....

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