The Mandaue City government is planning an P8-billion development that will turn at least 130 hectares of its coastal area into a Global City.
A private port operator from Metro Manila will help the City Government figure out if that plan is feasible at all.
Mandaue City Mayor Jonas Cortes and Harbour Center Port Holdings Inc. (HCPHI), represented by Dr. Michael Romero, signed a memorandum of agreement Monday that will bind HCPHI to conduct a feasibility study in the next three to six months.
Romero said they are proposing to develop coastal areas from the Cansaga Bay Bridge to the North Reclamation Area (NRA) into a mixed use zone.
He said they found Mandaue City to viable as a commercial and industrial gateway to Cebu.
With the Global City Mandaue project, they said they can turn the city into the premier commercial and industrial city in Cebu, with a harbor industry as vibrant as that of Hong Kong.
Romero revealed that the project, after feasibility study, will undergo four phases, with commercial development and logistics pursued in the first two phases.
The third phase involves turning some parts of the development into residential areas, while the fourth phases is the preparing buffer zones for mangroves.