P200M pledge for completion of new CCMC building

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BUSINESS tycoon Manny Pangilinan and a group of Chinese-Filipino businessmen have pledged P200 million to the Cebu City Government for the completion of the Cebu City Medical Center (CCMC).

Mayor Michael Rama met with Pangilinan in Makati City on Tuesday, Aug. 9, 2022, where the former presented his Singapore-like vision for the city.

Public Information Officer Erwin Eviota said that once funding from Pangilinan is available, it will be channeled through a private-public partnership. However, ownership and management of the hospital will remain in the City’s hands.

“Let us qualify, it is yet a pledge. No mechanics nor details yet, but the commitment is there,” Eviota said.

Pangilinan heads companies in industries ranging from telecommunications, power distribution, mining to tollway operations, among others.

Earlier on Tuesday, Rama met with a group of Chinese-Filipino investors who also committed to donating P100 million for the CCMC.

M.E. Sicat Construction, the contractor of the CCMC, had said the unfinished floors of the 10-story building will not be completed in time for Rama’s birthday on Oct. 28, as problems were found that led to the delay in the construction. (IRT)