Capitol, Singapore firm collaborate on infrastructure projects

CEBU, Philippines — A memorandum of understanding (MOU) has been signed between the Cebu provincial government and a Singaporean company to collaborate on future infrastructure projects in Cebu.

Cebu Governor Gwendolyn Garcia and Lavan Thiru, Executive Director of Infrastructure Asia, signed the MOU on September 25. This agreement aims to implement various infrastructure projects, including waste management, transportation, water supply, and renewable energy.

Garcia expressed that the Province of Cebu has found a valuable partner in attracting more investors to the region, emphasizing that this partnership will help propel Cebu to greater heights of progress and development.

Thiru highlighted that Singapore has effective solutions that can assist Cebu in addressing its infrastructure challenges.

"We also have companies ready to invest and work towards developing robust infrastructure in Cebu, which will significantly contribute to the province's economic and social goals," he added.

According to the Capitol, the collaboration will involve connecting with international investors, gathering market feedback on projects, and increasing the visibility of these projects to a global audience.

The MOU signing was witnessed by Singaporean Ambassador to the Philippines Constance See, along with other Capitol officials. Ambassador See noted that this MOU marks a significant step towards future investments from Singapore to Cebu, benefiting the local community.

The groundwork for this collaboration was laid during a visit by Infrastructure Asia officials to Governor Garcia on December 9 last year, where they discussed potential future projects and partnerships.

Infrastructure Asia is a project facilitation firm based in Singapore. According to its website, it serves as an office that enables good-fit solutions from Singapore-based companies and institutions in various infrastructure sub-segments across Asia, catalyzing project development, financing, and execution opportunities to meet the region s growing needs.

Its regional markets and focus sectors are in Bangladesh, Cambodia, India, Indonesia, Philippines, and Vietnam. — /LPM