Article

Cebu City's Carbon Market is undergoing a redevelopment project aimed at modernization while preserving its cultural identity. Scheduled for completion by December 2026, the project is a 50-year joint venture between the Cebu City Government and Megawide Construction Corporation, with CEBU2World as the private partner.

The redevelopment will provide improved conditions for vendors, maintain rental fees, and feature new facilities including food outlets and a transportation hub. Despite challenges, the city administration is committed to the project's objectives.