Republic of the Philippines

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Joint Venture Agreement for Carbon Market Redevelopment Project

Project Brief
Project Description

The project involves modernization of the oldest and largest farmer’s market in the city into a commercial, heritage and cultural district with a multimodal and integrated transport hub.

Implementing Agency

City Government of Cebu

Contractual Arrangement

Joint Venture Agreement (JVA)

Region

  • Region VII - Central Visayas

Sector

Property Development

Estimated Project Cost During Approval

Php 5.5 Billion

Procurement Mode

Unsolicited

Contract Term

50 years

Implementation Mode

Local

Private Proponent

Cebu2World Development Inc.

Status

Under construction