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Important Informations About Real Estate in Cebu

HMDF Loan Policies (Pag-ibig)
15 ways to prevent your home from repossession
Steps in Pag-ibig Loan Application
Pag-IBIG lowers housing loan rates effective July 2016
Metro Pacific awarded to construct 3rd bridge
Philippine Real Estate Laws Ownership, Practice, Taxes
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Condominium and House and Lot ownership
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Understanding Real Estate Terminologies
Is Buying Foreclosed Properties A Good Deal?
Forms of Contracts Under Philippine Laws
Development of Cebu's SRP
National Code of Ethics in Realty Service Practice
Real Estate : How To Stay Positive in Today's Market
10 Tips in Buying Real Estate
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Buying a Condominium in the Philippines
Cebu: Promising Area for Global Investments
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Business' plan for Mactan
Cebu Trans-axial project now with Eco Enterprise Council
Cebu North coastal road may cost P2.3B
Cebu now top choice for BPO expansion
Becoming a Real Estate Salesman in the Philippines
Developing a Residential Condo in the Philippines
The Concept of Philippine Condominium Ownership
Invest in the Philippines
P 30B earmarked for low-cost housing loans
Effects of RA 9679 on OFW Pag-IBIG members
HDMF REQUIREMENTS
P1B Mingla reclamation project endorsed to PRA, Neda
Friendship Bridge to link Cebu, Bohol
MCIA Passenger Terminal Building
Mactan airport terminal 2 to open in 2018
DOH advises to close Inayawan landfill

Mactan airport terminal 2 to open in 2018

Mactan airport terminal 2 to open in 2018

CEBU’S officials welcomed the groundbreaking Monday for Mactan airport’s second terminal, saying the new facility will help draw in more visitors and investors.

“This is the start of more good things for Cebu, most especially Lapu-Lapu City,” said Lapu-Lapu City Mayor Paz Radaza, who attended the ceremony led by President Benigno Aquino III.

The groundbreaking took place on the eve of the fifth anniversary of President Aquino’s assumption of office.

Targeted to open in 2018, the new terminal is expected to increase the capacity of the Mactan-Cebu International Airport from 4.5 million passengers to 12.5 million passengers a year.

With the projected cost of P17.5 billion for the first phase alone, the new terminal will raise GMR-Megawide Cebu Airport Corp.’s (GMCAC) investment on the airport to P32 billion.

During the three-year construction period, GMCAC President Louie Ferrer said an estimated 2,000 to 3,000 jobs will be created, including subcontractors.

He said the development of Terminal 2 and expansion of Mactan airport will allow GMCAC to launch more direct international services to Cebu and expand the number of domestic connections, further making Cebu a major gateway into the Philippines.

Strides

“Through this, tourism, business and leisure travel will increase significantly and contribute to the economic prosperity of Cebu,” Ferrer said.

The ceremony also gave GMCAC officials a chance to show President Aquino the improvements introduced in the existing terminal since the company began managing Mactan airport last November 2014.

During the tour, the President was accompanied by Tourism Secretary Ramon Jimenez, Transportation Undersecretary Jojo Lotilla, GMCAC Chief Adviser Andrew Aquaah-Harrison, GMR Founding Chairman Grandhi Rao and General Manager Nigel Paul Villarete of the Mactan-Cebu International Airport Authority (MCIAA). (MCIAA has retained management of airside operations in Mactan.)

“In the past seven months, we have made tremendous strides in delivering the first phase of our work. The existing terminal has undergone many changes, which have greatly improved the experience of our passengers,” Ferrer said.

Cebu Governor Hilario Davide III, in his speech, urged those who oppose the project to consider how much good the airport improvements will mean for Cebu.

“There are those who remain skeptical, those who wish to do this project harm, those who wish for this project not to proceed. Look beyond your own personal interests. Look at what’s good for Cebu,” he said.

Bridge, please

For his part, Mandaue City Mayor Jonas Cortes said that a proposed third bridge connecting the cities of Mandaue and Lapu-Lapu will help address traffic congestion, which may worsen with the arrival of more tourists.

In an interview, he said the proposal has been endorsed by the City Development Council to the Regional Development Council.

The proposed project will also include building a coastal highway, “which I have long been pushing for in Mandaue,” Cortes said.

He said he hopes the project, which is a recommendation of the Japan International Cooperation Agency, will be included in the national budget for 2017.

Cortes said the airport expansion will create a “domino effect” on Cebu’s economy.

“It will open more opportunities for Cebu,” he said, adding that the government should pursue more public-private partnerships to improve services.

The new terminal’s architecture pays tribute to Cebu’s heritage, Ferrer said.

Thanks, bidders

It will span 50,000 square meters, but will be expandable. It will have 48 check-in counters, expandable to 72. It will also have provisions for seven passenger boarding bridges, which can be expanded to 12.

In his speech, President Aquino thanked GMCAC and all the officials in the tourism and transportation departments, as well as the Province of Cebu, who helped pave the way for this public-private partnership (PPP) project.

He also thanked the six other groups that joined the bidding for the project and expressed hope they will continue to participate in other PPP ventures the administration will push in its final year before the 2016 elections.

“Sa pagpapaunlad nga po ng inyong airport, talagang namumuhunan tayo para sa kinabukasan. Paparamihin natin ang flights at pasaherong kayang i-accommodate ng paliparan; gagawin nating mas maginhawa ang karanasan ng mga biyahero dito. Bunsod nito, mapaparami natin ang turistang bibisita sa inyo. At pag-uwi naman ng mga turista sa kani-kanilang mga lugar, ikukuwento nila…ang maayos at masigla nilang biyahe sa inyong lalawigan (In improving this airport, we are building for the future. We will work on increasing flights and make the whole airport experience smoother for all travelers. This way, more travelers will be drawn to see Cebu.

And when they go home, they will tell others about how pleasant and invigorating their visit to your province was),” President Aquino said. (www.sunstar.com.ph)


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