POWER PROJECT. Cebu Governor Gwendolyn Garcia (center) leads other government officials and private contractors in laying the time capsule during the groundbreaking ceremony of the Cordova Reclamation Project on Friday (Feb. 18, 2022). The P12-billion, 254-hectare project is envisioned to boost the economy of the town and entire province. (Screengrab from Cebu Capitol PIO video)
CEBU CITY – A PHP12-billion, 254-hectare reclamation project is seen to soon transform the sleepy town of Cordova into an economic powerhouse with its mixed-use commercial and recreational hub, Cebu Governor Gwendolyn Garcia said Friday.
Garcia, who led other government officials and development contractors in the groundbreaking and time capsule-laying ceremony, said the project will translate into “so much economic boom not only for Cordova but for the entire province of Cebu”.
“With this symbolic ground-filling and capsule-laying ceremony, we have manifested visibly to the world that soon, heretofore, visible and invisible reality will start to unfold and become finally the realization of a dream that has been held by so many, for so long,” Garcia said in her message during the ceremony.
Cordova Mayor Mary Therese Sitoy-Cho remarked that the reclamation project will complement the Cebu-Cordova Link Expressway, an 8.9-kilometer toll bridge also known as the Third Cebu-Mactan Bridge, which will become operational anytime this year.
Cho said before her father, the late Presidential Legislative Liaison Office Secretary Adelino Sitoy, died last year, he made sure the deal for the reclamation project would be sealed.
She thanked the provincial government’s Economic Enterprise Council and the Provincial Board for endorsing the project and Garcia for approving it.
“This will really mark of the beginning of new development in Cordova with the aim to widen our backyard,” Cho added.
Last February 4, the provincial government, through Garcia, and the Cordova Shores Development Corporation signed a joint venture agreement for the project.
Premium Megastructures Incorporated and Ulticon Builders will undertake the construction.
The reclamation project is envisioned to complete two sites -- Site 1 will comprise the 204-hectare mixed use commercial, business, and residential area while Site 2 will be another 50-hectare business and residential hub with an added recreational area featuring a cruise ship dockside.
The project will have two components – ground filling of the 254-hectare coastal area in the four barangays of Catarman, Buagsong, Alegria, and Poblacion and the horizontal development for the envisioned mixed use facilities. (PNA)
