News Release

PBBM vows solid investments in Cebu

President Ferdinand R. Marcos Jr. on Saturday vowed to push for the development of investments that will solidify Lapu-Lapu City and the Province of Cebu as the leading driver of economic growth and prosperity in the Philippines.

In his speech during the Capsule Laying Ceremony of the Mactan Expo Center at Mactan Newton, Lapu-Lapu City, President Marcos said the government will continue investing in the success of Cebu.

President Marcos also noted the significant participation of the private sector to nation-building.

“The government, for its part, will also continue to invest in its success, which is why in 2024, the DPWH is funding about P2.9 billion in infrastructure projects here in Lapu-Lapu City alone,” President Marcos said, referring to the infrastructure projects of the Department of Public Works and Highways (DPWH) in the city.

These include widening projects, which will significantly decongest traffic along major thoroughfares such as the Mactan Circumferential Road and the Mactan Airport Road, and the Official Development Assistance(ODA)-assisted Cebu-Mactan 4th Bridge and Lapu-Lapu City Coastal Road, the President said.

The President led the capsule laying ceremony of the Mactan Expo Center on the sidelines of the 503rd Commemoration of Lapulapu’s victory on the island of Mactan.

“All the feats that we are witnessing today follow in the footsteps taken by our valiant heroes, Datu Lapulapu and his warriors, the former of which the city where we are now is named after,” President Marcos said in his speech.

President Marcos also noted that the Philippines is honoring the heroism of Datu Lapulapu by “taking brave steps in developing the island and helping the people who they fiercely fought for more than 500 years ago”.

He expressed excitement and happiness to witness the transformation of the Mactan Newtown.

Before concluding his speech, President Marcos extended his gratitude to the Alliance Global Group, Megaworld and to the city government of Lapu-Lapu for forging the partnership and setting a great example for other localities and businesses to emulate. | PND