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104 V. Ranudo St., Cogon Ramos, Cebu City
Tel. (63) 2390890 or (63) 5143342


North and Mactan Projects

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Cebuplaces Realty & Brokerage would like to challenge you whether you are a student, employee, working professional or a business person to explore your potential in real estate marketing and push out the edges of what you can be and achieve financial freedom. We are looking for people who are humble, teachable and willing to work hard full time or part time.We invite you to be part of our team today….email or contact us: at Tel no. (63) 2390890 or (63) 5143342 or visit us at our office at 104 V. Ranudo St., Cogon Ramos, Cebu City, besides Jo's Chicken Inato.

Cebu South Property Listings

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Metro Pacific awarded to construct 3rd bridge

Metro Pacific awarded to construct third bridge connecting Mactan, Cebu

The Manny V. Pangilinan-led Metro Pacific Investments Corporation (MPIC) will be building the third bridge connecting Mactan and Cebu through its subsidiary Metro Pacific Tollways Development Corporation (MPTDC). The 8.25-kilometer toll-bridge, which will be constructed 7.5 kilometers south of the Mandaue Bridge and will take off from the Cebu South Coastal Road crossing the Mactan channel to Mactan Island, will link Cebu City and Cordova Town.

MPIC said, in a disclosure sent to Philippine Stock Exchange, Notices of Award were issued by City of Cebu and the Municipality of Cordova in favour of the MPTDC after not having received any Expression of Interest to submit comparative proposals on or before December 7, 2015, the deadline indicated in the duly published Invitation to Bid and Submit Comparative Proposals for the Project. MPTDC will provide the financing, design, construction, implementation, operation and maintenance of the said toll-bridge.

The project will be implemented through an unincorporated joint venture among MPTDC, the City of Cebu and Municipality of Cordova. It is envisioned to decongest the traffic in the two existing bridges (Marcelo Fernan Bridge and Mandaue Bridge) between Mactan and Cebu, due to the worsening traffic condition in the area, MPIC said.

“It includes the construction of the connections to Cebu City and Cordova, the main bridge structure, viaduct, causeway, roadway and toll facilities,” MPIC added. “The Project is estimated to cost not more than Php27.9 billion, which includes the construction cost with inflation over a four-year period, the toll facilities and operating system, the right-of-way cost, and financing costs. Funding will be sourced from a combination of loans from local banks and equity contribution.”
Construction is targeted to start in 2017 and expected to be completed in 2020.

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