The Pinoy Business Chronicle

Business news and analysis. Covering financial news, economic issues, stock market data, local business, business policy and more.

National Business News

VM-elect Rama backs P18B UHRI project, but wants contract review

vm elect rama backs p18b uhri project but wants contract review - VM-elect Rama backs P18B UHRI project, but wants contract review
Rama Michael Freeman - VM-elect Rama backs P18B UHRI project, but wants contract review
FREEMAN

CEBU CITY’s incoming vice-mayor, Michael L. Rama, wants the P18-billion integrated resorts and casino project of Universal Hotels and Resorts, Inc. (UHRI) on Kawit Island to push through, but will call for a review of the contract signed with the city government. Mr. Rama, who will chair the city council, said he will support the project despite attempts by his allies in the council to stop it. “My position is very clear. Let’s not project destruction. Let’s not project spoiler. Let’s be working out for curing…curative. Let’s not be pursuing nullity because there is always such thing as curative,” he said. He added that the new administration should call for a meeting with the Gokongwei-led UHRI to discuss what went wrong, what had happened, and what should be done to “cure” the controversial provisions of the agreement. Mr. Rama also pointed out that nullifying projects will affect the economy of the city and tarnish the local government’s image before the business community. His allies in the council earlier filed two separate cases to stop the project. Both cases were dismissed by the court. — The Freeman

Leave a Reply

Theme by Anders Norén