SunStar Publishing Inc.
THE start of construction of the New Cebu International Container Port in Barangay Tayud in the northern town of Consolacion , Cebu has been delayed several times, and now the project cost has ballooned to P16.9 billion. Cebu Port Authority information officer Maryknoll Bolasa, in a text message on Sunday, June 30, 2024, said the National Economic and Development Authority Board chaired by President Ferdinand Marcos Jr. approved an additional P7.7 billion for the project.
The Philippine government secured the funding in 2018 from the Export Import Bank of Korea, almost two decades since the Japan International Cooperation Agency created the masterplan for the NCICP in 2002.Neda 7 previously said the project was supposed to be completed in August 2022 as per the loan agreement, but until now, it has yet to break ground.Authorities have blamed the coronavirus pandemic and the lack of clearances for the delay.The NCICP will be built on a 25-hectare reclaimed land.
Cebu New Cebu International Container Port (NCICP)
Indonesia Berita Terbaru, Indonesia Berita utama
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