LGU eyes P50M commercial arcade project

Standard

MAMBAJAO, CAMIGUIN, Nov. 8 (PIA) –The local government unit of Mambajao is eyeing to put up a P50M worth commercial arcade project through public-private partnership (PPP).

The proposed arcade is designed to house some 70 stalls in a 2,908 square meter area allotted for the building.

Town Mayor Maria Luisa De La Romualdo said this project is among her priorities as this is seen to create job opportunities and at the same time generate additional revenues for the town.

Gilbert Grado, Mambajao Municipal accountant meanwhile said the mayor has now formed a technical working group to oversee the implementation in all phases of the project.

The technical working, he noted, is well represented by other key agencies and stakeholders as this will also help in ensuring transparency.

“We are really careful on this, even if it is on its early phase, because PPP projects normally requires different processes, in fact, we are set to undergo a training on how to go about it soon,” he added.

Engineer Leonides G. Oclarit, Chief of the Mambajao municipal planning office likewise confirmed that a number of investors have shown interest on funding the arcade project and are proposing to fund other PPP projects.

Currently, the LGU will also inaugurate this month one of the building they constructed within the area, which is in the heart of the poblacion fronting the public market along Placido Reyes Street.

The new building will be rented by the Land of the Philippine (LBP) Mambajao Branch, together with other government agencies who will also occupy the second floor. (PIA 10)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s