Sunday, March 28, 2010

PBSP, VECO sign agreement to plant 1M trees

There will be 1 million trees for Cebu in the very near future.

From left to right: VECO Executive Vice President and COO Jose Jaime Aboitiz,
PBSP Cebu Hillyland Development Committe Chairperson Eileen Mangubat,
PBSP VIXCOM Chairman Jose Antonio Aboitiz
and VECO Vice President for Administration Ricardo Lacson.

Philippine Business for Social Progress (PBSP) and Visayan Electric Company (VECO) signed a memorandum of agreement that sealed the partnership of the two units for the implementation of the VECO Reforestation Park.

The project will include the planting of one million trees in 540 hectares in the Cebu Hillylands and 10 hectares of mangrove areas in Olango Island, Mactan.

Last March 10, 2010, a ceremonial check turnover was held during the 22nd Visayas Annual Membership Meeting to officially launch this environment project. The VECO Reforestation Park is set to run for five years and is pegged at a total project cost of P19 million.