Baguio presents 12 priority investment areas
The local government identified some twelve priority investment areas in the city which could guide investors in infusing their available funds that will trigger progress and development in the future.
City Budget Officer Leticia O. Clemente presented to local businessmen the said priority investment areas during a recent investment forum held at the city hall multipurpose hall.
She disclosed that one of the major investment areas in the city is green manufacturing and exporting industries which are engaged in waste minimization, clean technology and pollution prevention.
The city budget officer added that creative industries, particularly the digital transformation center, Smart City mobility system and information technology-enabled services, are also part of the priority investment areas.
The city is also enticing investors involved in tourism-oriented and related establishments such as parks development, eco park and multi-level greenhouse at Botanical Garden, green water project and sidewalk rehabilitation and convention centers and cultural preservation centers to partner with the local government for the said purposes.
Further, the city also wants to implement pioneering strategic projects such as the market development and slaughterhouse modernization that requires the partnership with the private sector.
In terms of mass housing, Clemente said that the local government in partnership with concerned government agencies is undertaking the Luna Terraces housing project and wants to further implement other low-cost mass housing projects with the assistance of potential investors.
On water and energy resources development, she claimed that the local government is inclined to pursue the put up of a waste-to-energy project, rehabilitate the city-owned Asin minihydro power plants and revive the bulk water supply and distribution project.
According to her, the local government also wants to venture into research and development with the establishment of centers of excellence, invocation centers and fabrication laboratories and business incubation hubs and co-working spaces.
Clemente stipulated the city is pushing for an ecologically sound liquid and solid waste management enterprise primarily focused on the upgrade and expansion of the Baguio sewage treatment plant and waste to energy project.
For mass transportation and facilities, the local government is pushing for the put up of the intermodal transport terminal, multi-level parking, cable car and elevated monorail and traffic or parking system.
On the other hand, sports facilities and development is also an investment area such as the ongoing construction of the youth convergence and indoor sports complex, athletes quarters and tennis court rehabilitation.
The city is also eying the private public partnerships for the market redevelopment, enter-modal transport terminal, slaughterhouse modernization project, multi-level parking facilities, Smart mobility and transportation system and elevated monorail and cable car.
Clemente underscored the importance of the preservation and development of historical and heritage sites such as the Dominican Heritage Hill and Nature Park conservation project. – Dexter A. See