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AG&P, Cebu Firm Sign $15-Billion Deal for Vital Visayas Infrastructure Project

by DitoSaPilipinas.com on Apr 25, 2024 | 08:04 AM
Edited: May 03, 2024 | 12:05 AM

In a resounding testament to progress and collaboration, Atlantic, Gulf & Pacific Co. (AG&P) has joined forces with Visayas Neceboley Interlink Holdings Corp. (VNIHC) in a visionary $15-billion endeavor set to redefine infrastructure in the central Philippines.

AG&P's subsidiary, AG&P Industrial, with its roots firmly planted in Philippine expertise, is poised to undertake a remarkable journey alongside VNIHC. Together, they will coordinate the management, construction, and execution of a groundbreaking project endorsed by the National Economic and Development Authority, sparking hope and excitement throughout the region.

Bridging Islands, Uniting Communities

Dubbed "Neceboley," a name resonating with promise and unity, the project represents more than just a physical connection between Negros, Cebu, Bohol, and Leyte—it symbolizes the intertwining of aspirations and the nurturing of bonds across communities. Backed by a diverse consortium of global partners, the initiative pledges to build a network of four-lane bridges, extensive expressways, and interconnected transit systems, enabling smooth mobility and fostering a sense of collective purpose.

Empowering Growth, Embracing Change

VNIHC's designation as the original proponent, endorsed by the provincial governments of Negros Oriental, Cebu, Bohol, and Southern Leyte, underscores the project's spirit of collaboration and inclusivity. Through meticulous planning, innovative procurement strategies, and unwavering adherence to local regulations, the partnership is poised to unleash a wave of economic vitality and opportunity across the Visayas region.

Charting a Path to Prosperity

For Angel Pio Veloso Jr., Chair of VNIHC, and AG&P Industrial President Alex Gamboa, the Neceboley project transcends mere infrastructure—it represents a beacon of hope, a catalyst for progress, and a testament to the indomitable spirit of the Filipino people. With each milestone achieved, the project draws closer to its ultimate goal: transforming the Visayas into a vibrant hub of commerce, culture, and connectivity, where every Filipino can thrive and prosper.


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