MASSIVE MIXED-USE DEV’T PROJECT TO BRING ECONOMIC BOOM IN CORDOVA TOWN
“Progress, development, and economic boom.”
This was how Gov. Gwendolyn Garcia envisioned what’s ahead for the Municipality of Cordova during the ground-filling for what is projected to be the future prime economic driver in this once sleepy town.
The Cebu Provincial Government, Cordova Municipal Government, and private proponents marked the project’s ground filling ceremony on Friday, Feb. 15, in the southernmost tip of the coastal town.
The Cordova Shores Development Corp., composed of two private building giants Premium Megastructures Inc. and Ulticon Builders, will undertake the project in joint venture agreements with the Capitol and Cordova’s local government.
“Once realized, this will translate to so much economic boom not only for Cordova but the entire Province of Cebu,” Gov. Garcia said in her speech.
This reclamation project is located near the foot of the third bridge, the Cebu-Cordova Link Expressway. Both structures will complement each other and are game-changers as far as the town’s economy is concerned.
The project will be constructed in phases.
Site 1, with 204 hectares, is envisioned to be a mixed-use commercial, business, and commercial area; while Site 2, with 50 hectares and adjacent to a municipal Ro-Ro access, is envisioned to be a mixed-use business, residential, and recreational area, and a potential cruise ship dock site.
Cordova Shores was granted the original proponent status after it submitted an unsolicited proposal for the project.
The unsolicited proposal was subjected to a Swiss challenge to invite other companies to match or better it. With no challengers, the project was awarded to Cordova Shores. (from #SugboNews2022)
According to Gov. Gwen Garcia’s post about the Cordova Reclamation project via Facebook page https://www.facebook.com/GwenGarciaCebuOfficial/posts/513134696839971