P458 Billion for Cebu Infrastructure

Cebu is getting a major facelift and physical upgrade as it gets preferential attention and funding amounting to 458 billion pesos of infrastructure projects in the next 5 years. A strategic component of Dutertenomics for the central Philippine island that is now undergoing unprecedented growth.

Dutertenomics is the blueprint of the current administration designed to jump start the economy by pumping funds in much needed infrastructure of the country.  It is committed to spend between 5% to 7% of its GDP  to new roads, bridges and airports. With the slogan, Build, build, build, it is aimed to catapult the country to the 21st century to make it competitive in the global market.

While construction for the iconic third Cebu-Mactan bridge or CCLEX is yet to start next month, plans for the 4th bridge is already underway together with the much ambitious Cebu- Negros linkage.

Also included in the master plan is Metro Cebu bypass expressway  which when finished will reduce travel time from Danao city to Carcar city to just 85 minutes.

More details in this news report: Billions of pesos of infrastructure projects seen to fuel growth in Cebu by Cebu Daily news.

 

 

 

 

 

 

Dutertenomics Presented to World Economic Forum




$300 Million Casino in Cebu

​From Las Vegas to Macau to Hongkong, world class casino has largely contributed to the growth and tourism traffic of many cities worldwide.

For the local economy, the benefit is also plentiful, from employment generation and the subsequent cascading effect to related industries, to the bottomline, government taxes.

With Cebu’s strategic location and many attractions, rapid development is transforming it lately to become one of Asia’s newest boomtown.

Being a major gateway in Asia-Pacific, Cebu is getting a further boost from a a new world-class airport terminal, set to open in 2018. Key infrastructure projects are also spearheaded by the government to keep Cebu at pace with other tourist destinations in Asia and the rest of the world.

More details for the : Cebu Casino