After the Negros First CyberCentre was previously found to not be self-sustaining with the Negros Occidental provincial government reviewing the joint venture agreement drawn up during the previous administration of former Governor Alfredo Marañon, Jr., provincial administrator, Atty. Rayfrando Diaz, said the provincial government is looking into a joint venture with the third party running the facility.
The former governor earlier indicated, after the first two years of operations, CyberCentre earnings were expected to pay for the loan the provincial government borrowed to pay for the construction. However, Diaz said the provincial government has only been provided a percentage of the lease payments.
The provincial official earlier revealed, income from the CyberCentre went from P1.7 million in 2016 to P9 million in 2018. This year, the facility is expected to earn P14 million. However, the provincial government incurred development costs of P600 million through the loan.
“We are assessing everything to determine how to move forward,” Diaz said./DGB, WDJ