A contractor involved in the New Cebu International Container Port project in Barangay Tayud, Consolacion, has settled liabilities amounting to nearly P15 million. The payment was made as part of resolving outstanding financial obligations related to the access road construction.
The contractor, identified in local reports as a key player in the infrastructure development, reportedly fulfilled the payment to authorities overseeing the project. The sum covers unpaid taxes, fines, and other legal obligations tied to the construction activities. Local officials confirmed the transaction, stating it marks a significant step toward compliance with regulatory requirements.
The New Cebu International Container Port project has been a focal point of development in the region, aiming to boost trade and economic activity. Barangay Tayud, located in Consolacion, has seen increased activity due to the project’s expansion. The settlement comes after months of scrutiny over financial transparency and adherence to local laws. While no penalties were imposed, the payment underscores the importance of regulatory compliance in large-scale infrastructure projects.
