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Cebu City, Philippines - The Asian Development Bank's study of Cebu City?s reclamation project starts on Wednesday.
The Asian Development Bank-Cities Development Initiatives for Asia (ADB-CDIA) study of the South Road Properties (SRP) was scheduled to start last month but the lack of four more consultants pushed the schedule to this month.
The study called the Priority Infrastructure Investment Plan (PIIP) of the SRP will begin with a meeting at the Waterfront Cebu City Hotel and Casino, Lahug, Cebu City on Wednesday.
The three-day activity will serve as a visioning and scoping activity for various project stakeholders of the SRP.
John Olof-Vinterhav, land management specialist of the CDIA, said that the kick-off meeting was planned to officially start the study of the development of the SRP.
Vinterhav said investors and project counterparts from various offices of the Cebu City government were invited to the activity.
Among the investors invited were Filinvest and Bigfoot.
The study worth at least $499,000 will involve at least two phases. The first phase will start with the meeting on Wednesday. The second phase will involve the pre-feasibility study.
Phase I will define the scope of the project and the bring information pertinent to the development of SRP.
He said that this phase is usually ?paperwork,? which would be completed by January 2009.
Phase II will start by February 2009 and tackle the concrete plans discussed and agreed on Phase I.
This phase will be mostly ?engineering works.?
He said that there will be four foreign consultants, and local consultants on the development project.
Nagiel Bañacia, SRP chief operations officer, said that day 1 of the three-day meeting will involve the interaction with local and foreign consultants.
Joel Mari Yu, Cebu Investments and Promotions Center manager, will give updates on the negotiations for the SRP.
Vinterhav will discuss the PIIP.
In the afternoon, the participants will tour areas such as the North Reclamation Area, SRP-Sugbu building, desalination plant and Bigfoot studio. /Correspondent Jully Venus Cuizon
