Archive for July 19th, 2006

Mandaue market to eat up P477M, to cost more than CICC

Wednesday, July 19th, 2006

HOW could a city public market cost higher than the ongoing Cebu International Convention Center (CICC)?

Some Mandaue City residents are asking this question with the City Government’s plan to get a P377-million loan from the Land Bank of the Philippines to finish the proposed public market.

Mayor Thadeo Ouano, in defending the market cost, said ordinary people will find it hard to believe that building a mere market will be more costly than the construction of the CICC.

However, “technical people” would know the distinction and you cannot just compare the market with CICC.

(more…)