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Funding for #Cebu Bus Rapid Transit (#BRT)system approved!

MANILA, Philippines – The Department of Budget and Management (DBM) has approved the funding strategy for the Cebu Bus Rapid Transit (BRT) project.

Of the total project cost of P10.62 billion ($244.78 million*), P9.48 billion ($218.48 million) will be funded by borrowings and the remaining P1.14 billion ($34.11 million), which will be used to acquire vehicles for the BRT, will be financed by the private sector.

The P9.48 billion will come from loans from Agence Francaise de Development, the International Bank for Reconstruction and Development, and the Clean Technology Fund.

DBM Secretary Florencio "Butch" Abad said the borrowings would be sourced through a Forward Obligational Authority, a process needed for government to be spared from servicing unnecessary commitment fees.

The Cebu BRT is one of the current administration's priority projects, as mentioned by President Benigno Aquino III in his 5th State of the Nation Address.

Set to roll out this year, the 23-kilometer Cebu BRT will have 33 stations and 176 environment-friendly buses. It is meant to enhance urban mobility in the country's second biggest metropolis.

"The new bus transit …will provide a safer, more efficient, and environment-friendly mode of travel in and around Cebu City," Abad said, adding that the project would be completed by 2018.

Earlier, Transportation Secretary Joseph Emilio Abaya said the BRT system aims to improve commuter experience and upgrade the country's transportation system in light of worsening traffic congestion.

The BRT system was popularized in Bogota, Colombia in 2000 through the efforts of its mayor at the time – Enrique Peñalosa. The system was widely recognized for helping reduce air pollution, average travel time, and road accidents in Bogota.

In a message, Peñalosa said the BRT system would be of tremendous benefit to Cebuanos.

“The Cebu BRT will do many things: it will help Cebu’s mobility and save transportation time to tens of thousands of Cebuanos, which they will better spend with family and friends; it will help Cebu’s urban structure; it will be a symbol of democracy, as public transport users move faster than those in private cars; it will strengthen Cebuanos’ confidence in their capacity to create their destiny,” Peñalosa said. – Mick Basa /

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BCLP ni pirma ug Manifesto

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BCLP ni pirma ug Manifesto

(CEBU CITY - Public Information Office) Ni pirma og manifesto ang Barangay Councilors League of the Philippines-Cebu Chapter agi’g pagsupporta sa pagbaligya sa lote sa SRP niadtong Agosto 26, 2014. 
Matud pa ni Atty. Raymond Garcia, nadisisyonan sa grupo nga mosuporta sa maong lakang sanglit kay maka-benipisyo ang tibuok dakbayan pinaagi sa pagbaligya sa mga lote. 

Mokabat og kapin 12 bilyones pesos nga revenues ang makuha sa pagbaligya niini,ug abot 1.3 bilyones pesos ang makolekta sa real property tax. 

Dugang pa, mahimo nang mabayaran ang utang, ug magamit na sa general fund ang 500 million pesos a year nga principal payments. Sa kinatibuk-an, kapin sa 2 bilyones pesos ang mo balik sa kaban sa Kagamhanan sa dakbayan sa Sugbo.

Nasayran nga 70% sa maong luna usa ka commercial area ug gibana-bana’ng maka gama kini og abot 60,000 hangtud 70,000 ka trabaho sa dakbayan. 

Magsilbi sag kining additional funds alang sa pagpadayon nga paghatud sa batakang serbisyo sama sa nagkalain-laing proyekto, program, ug uban pa.

Matud pa sa president sa BCLP,karon na ang ensaktong panahon alang sa pagbaligya sa lote nga pila na katuig wa na puslan.

Gikalipay og dako ni Mayor Michael Rama sa maong kalamboan ug mapasalamaton kaayo sa gihimong lakang ug tiunay nga suporta sa BCLP. (By: C.L.K. Aznar/Cebu City


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(Cebu City PIO) - The dream of acquiring a decent homes for the city employees will come to be realize soon as the Cebu City Government Employees Housing Cooperative (CCGEHC) recently authorized the board chairman Atty. Dominic Dino to enter a Memorandum of Understanding (MOU) with a Singaporean firm, Wei Kiat Management and Development Corp (WKMDC) represented by Mr. Chris Ang.  

WKMDC asked for the said MOU as requisite to the proposed joint-venture agreement with CCGEHC to collaborate in the development of a medium rise 5-storey condominium that involved 11 parcels of land owned by the City but dedicated for the housing of over 4,000 city employees in Sugbo Homes, Nivel Hills, Lahug, Cebu City.

During their board meeting last week, Atty. Diño explained that said MOU will introduce the idea of going into a Joint Venture (JV) and it will be signed as soon as the development is ready to be executed and this will be coordinated with Engr. James Flores, the project engineer of WKMDC.

Prior to this, a resolution were also passed requesting the Division for the Welfare of the Urban Poor (DWUP) to assist CCGEHC in acquiring the said lots at Sugbo Homes. 

Diño said that it important to coordinate with DWUP on this matter since the said lots belongs to the city government thus it is necessary for the coop to established the right over the property before signing the JV. 

“It is important for us (CCGEHC) to coordinate with DWUP being the administrator of Sugbo Homes’ property.. it is now up to DWUP to endorse to the Mayor to approve that these lots be allocated to us .” Diño said as stated on the minutes.

Meanwhile, CCGEHC will meet with HLURB today to check with them the related concerns of Development Permits and Permit to Sell, among others. After the meeting with HLURB, the next meeting will be with CDA and then with Pagibig. 

“There is a need to meet all agencies including the NHA and other shelter agencies. The intention of these meetings is for them to support the cooperative in provision for housing, not only for CCGEHC but also for other government agencies in the national level.” The minutes said. (elite)
Last Updated on Tuesday, 19 August 2014 08:41

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