City Hall spending huge amount for South Road Properties signage

Tuesday, August 14, 2007

The Cebu City government would be spending over P8.3 million for the construction of a welcome signage and for the landscaping of the entrance of the South Road Properties to attract investors.

At least P5.6 million is earmarked for the construction of the welcome signage while about P2.6 million is set aside for the landscaping.

But some individuals said the amount intended for the signage project is too much and that its construction is not an assurance to convince investors to pour investments into the SRP.

But Mayor Tomas Osmeña yesterday defended the amount, saying that what they would be building is not an ordinary signage, which will be constructed by the Dakay Construction and Development Corporation.

According to the mayor, the contractor would build a three-storey building with a terrace where people could view the beauty of the city’s downtown area during nighttime.

The building would be surrounded by a beautiful landscape to be undertaken by the WIN Construction.

City Council majority floor leader Nestor Archival said the Bids and Awards Committee has recommended that Osmeña be allowed by the council to enter into contracts with the two construction companies on the two projects.