Kawit Island Project “Cannot be Revived”: Osmeña
“Under the present circumstances, it cannot be revived,” this was the reaction of Cebu City Mayor Tomas Osmeña when asked on the issue of the Joint Venture Agreement (JVA) with the Universal Hotels & Resorts, Inc. (UHRI) the property development arm of JG Summit, Inc. for the P18B Kawit Island project.
During the presscon, Mayor Osmeña stressed that had the project pushed through, it could have brought great development for Cebu City.
“A project of this magnitude means that it will make business grow, it will grow through the years,” he said.
Mayor Osmeña questioned why the Council said that John Gokongwei is not qualified when in fact he is a ”very reputable Cebuano businessman, who holds the biggest airline in the Philippines, Cebu Pacific, and say he’s not qualified?” he said.
“He owns hotels! Robinsons Summit Galleria Hotel… his hotels, there is hotel all over.” he added.
The P18B Kawit Island project can bring about 5,000 jobs which is very beneficial to Cebu City residents. (Cebu City PIO/Liberty G. Rigonan / CNU Communication Intern)
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