Rama off to another ‘investment-begging’ trip

·2 min read

CEBU City Mayor Michael Rama announced Monday, Sept. 12, 2022, that he will be flying to Manila again to do another round of “investment begging” to fund projects and programs of the City Government.

In his pursuit of a Singapore-like Cebu City amid zero funds in the city’s coffers for new projects, Rama will try again his luck in securing funding from businessmen in the nation’s capital.

While he is away, Rama said his executive secretary, Colin Rosell, and City Administrator Suzanne Ardosa will take charge of the daily operations of the City Hall.

“Ugma, manglimos na sad mi. Ikaduha ni nga time nga manglimos mi (Tomorrow [Sept. 13], we will beg again. This is the second time that we will be begging again),” said Rama.

The mayor will be accompanied by City Planning and Development Office head Joseph Michael “Yumi” Espina, South Road Properties Management Office head Roberto Varquez, Public Information Office head Cerwin Eviota, and some personnel of the Mayor’s Office.

Rama also announced that another leg of investment hopping will also happen before the month of September will end.

Last August, Rama’s first round of investment begging yielded over P1.3 billion worth of funding for the completion of the Cebu City Medical Center (CCMC) and the construction of medium-rise buildings for socialized housing.

With the funding commitment, Rama is confident that the CCMC will be finished by January 2023.

Rama previously said that the CCMC will not be privatized since the investors did not ask for anything in return but the City Government offered the naming rights of the hospital floor that they will help to finish.

In a recent interview, Rama also revealed that after visiting possible investors in Manila, he will also be tapping local businessmen here in Cebu.