City bares 18 investment priority areas for 2022

City bares 18 investment priority areas for 2022

City budget officer Leticia Clemente said the city is drumming-up its investment priorities now that the world is hopefully seeing the end of the coronavirus disease 2019 (Covid-19) pandemic.

In a media forum, Feb. 2, at City Hall, she said the Summer Capital is stepping-up in promoting itself as an investment haven that is open to all local and international investors.

Clemente echoed Mayor Benjamin Magalong’s declaration that 2022 will be a ‘banner year’ for the city as shown by several multi-million projects set to be implemented this year including the steady rise in business and building applications.

She presented the city’s 18 priority investment areas like the Baguio Sewer Treatment Plant Upgrade and Fecal Sludge Management Project and the Asin Hydroelectric Power Plant that is currently owned and managed by the city government.

Also included are the Burnham Park Rehabilitation Project; Baguio City Abattoir; Luna Terraces Permaculture Community; Baguio Convention and Cultural Center Complex; Irisan EcoPark (Phase 2); Maharlika Livelihood Center; Baguio City Wright Park Development Project; and city-owned lot beside the City Social Welfare and Development Office.

Development of City Executive Residences/ Apartelles; Office Complex; City Cemetery Expansion; Mixed Use Development of a 40-hectare City Property; Development of Northbound Terminal; Waste-to-Energy Project; Public Market Redevelopment Project; and the Southbound Transport Terminal Project are part of the city’s priority investment areas.

Clemente stressed the importance of these projects in light of the city’s current development direction to achieve a sustainable rebound and move forward towards socio-economic recovery.

“We are hoping for the best this year and the years ahead as we start the beginning of a ‘new day’, a ‘new Baguio’,” she said. – Gaby B. Keith