𝐂𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐧 𝐓𝐫𝐚𝐜𝐤 𝐟𝐨𝐫 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐢𝐨𝐧 𝐛𝐲 𝐄𝐧𝐝 𝐨𝐟 𝟐𝟎𝟐𝟔

𝐂𝐚𝐫𝐛𝐨𝐧 𝐑𝐞𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐧 𝐓𝐫𝐚𝐜𝐤 𝐟𝐨𝐫 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐢𝐨𝐧 𝐛𝐲 𝐄𝐧𝐝 𝐨𝐟 𝟐𝟎𝟐𝟔

𝐂𝐞𝐛𝐮 𝐂𝐢𝐭𝐲 — The Carbon Redevelopment remains on schedule for completion of the Carbon Market – Main Building by the end of 2026, with construction progressing steadily through the use of precast technology, a modern building method that enables faster, more efficient, and more controlled construction compared to traditional approaches.

Precast construction significantly shortens timelines while ensuring consistency, durability, and safety—critical requirements for a major public infrastructure project such as Carbon Market.

𝐃𝐞𝐬𝐢𝐠𝐧 𝐑𝐨𝐨𝐭𝐞𝐝 𝐢𝐧 𝐂𝐞𝐛𝐮’𝐬 𝐈𝐝𝐞𝐧𝐭𝐢𝐭𝐲

The architectural design of the Carbon Redevelopment has been carefully developed to reflect Cebuano heritage and identity. Key design elements include:

✅Black accents, referencing carbon or coal, in recognition of the market’s historic roots; and

✅Terracotta tones and façade accents, inspired by materials commonly found in Bahay na Bato and other heritage structures.

These elements ensure that modernization is not at the expense of character, but instead remains grounded in local history and context.

𝐕𝐞𝐧𝐝𝐨𝐫 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐬 𝐚 𝐂𝐨𝐫𝐞 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭

Vendor consultation has been a central pillar of the Carbon Redevelopment, conducted even prior to the start of construction and continuing throughout project implementation.

Consultations are carried out in phases, recognizing that different vendor groups have distinct needs depending on their products and operations.

During the most recent scheduled consultation on February 5, 2026, vendors were able to view proposed layouts and facilities using virtual reality (VR) technology,

allowing them to better visualize the spaces and understand how their inputs are being incorporated into the design.

𝐍𝐨𝐭 𝐏𝐫𝐢𝐯𝐚𝐭𝐢𝐳𝐚𝐭𝐢𝐨𝐧: 𝐀 𝐉𝐨𝐢𝐧𝐭 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐂𝐢𝐭𝐲

The Carbon Redevelopment is not a privatization of Carbon Market. Ownership of the property remains with the Cebu City Government.

The project is being implemented through a Joint Venture Agreement (JVA), under which, Cebu2World–Megawide serves as the development partner responsible for construction and certain operational components, while the City retains ownership, regulatory authority, and policy oversight.

𝐂𝐥𝐨𝐬𝐞 𝐂𝐨𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐂𝐢𝐭𝐲 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭

Cebu2World–Megawide continues to work in close coordination with the Cebu City Government, particularly through the Office of the City Markets, which oversees vendor matters, listings, and market operations. All vendor-related processes are undertaken jointly with the City.

𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐞 𝐑𝐞𝐜𝐞𝐧𝐭 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧

The consultation held on February 5, 2026 was part of the regular series of scheduled sessions aligned with the Office of the City Markets and is intended for registered vendors. The discussion, however, was disrupted by individuals opposing the redevelopment.

Cebu2World–Megawide remains committed to continuing consultations in an orderly, respectful, and constructive manner to ensure that all legitimate vendor concerns are heard.

𝐍𝐨 𝐕𝐞𝐧𝐝𝐨𝐫 𝐋𝐞𝐟𝐭 𝐁𝐞𝐡𝐢𝐧𝐝

A guiding principle of the Carbon Redevelopment is to ensure that no vendor is left behind.

Vendor lists are prepared and validated by the Cebu City Government through the Office of the City Markets. The project aims to provide vendors with safer, cleaner, and more dignified working conditions, while maintaining market rates consistent with the 2017 Market Code, a city ordinance enacted by the City Council.

𝐀 𝐋𝐨𝐧𝐠-𝐓𝐞𝐫𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐂𝐞𝐛𝐮

The Carbon Redevelopment represents a long-term investment in public infrastructure, livelihood, and the future of Cebu’s market system—one that seeks to preserve the spirit of Carbon while building facilities that meet the needs of present and future generations.

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