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MIGEDC eyes interested investors

July 27, 2009
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ILOILO CITY – The Metro Iloilo Guimaras Economic and Development Council (Migedc) is positively eyeing interested investors for the improvement of the downtown Central Business District (CBD) and new eco-ports at Fort San Pedro and in Guimaras Island.

Mayor Jerry P. Treñas who also chairs the Migedc, said the Cities Development Initiative for Asia (CDIA) has been providing technical assistance since last year to realize these development projects.

The CDIA has granted the pre-feasibility studies for CBD revitalization and proposed eco-ports at Fort San Pedro here and in Jordan and Buenavista in Guimaras.

With the help of CDIA, Treñas said they will next lay down the terms of reference, create a Technical Working Group and request the City Council the approval of a resolution to enter into a Memorandum of Agreement (MOA) with the Guimaras provincial government as partner in the eco-port project.

He said they are trying to work out the legal technicalities for the smooth implementation of the investment projects.

“We foresee that these projects are going to be attractive for them (prospective investors). The pre-feasibility studies crafted last year show that the projects are financially-feasible. The projects are attractive enough for investors,” Treñas stressed.

The mayor said they expect for a possible partnership with the private sector to implement the proposed projects considering the government cannot afford it due to limited resources.

“We don’t foresee the government to spend, thus it will be a public-private partnership. The city government will act as partner while the private sector will put up and run the facility because it will be difficult for the city to operate a port,” he explained. “Once the port facilities are improved, there will be more tourists coming over and busy economic activities for the betterment of the city and Guimaras,” said Treñas.

Iloilo City which is the center of trade and commerce in Panay is a gateway to Guimaras Island which is teeming with tourism potentials anchored on its Boracay-like white-sand beaches and the sweetest mangoes in the world.

There’s a need to revitalize the city’s CBD which offers a wide array of merchandise at affordable prices, thus it continues to lure shoppers because of the best-buy products.

Treñas said the City Hall will continue to manage the Iloilo Central Market which is situated within the CBD so as not to increase the rates of commodities to benefit the masses.

He added the Ortiz Port here will also continue with its operations even with the future opening of new port so as not to affect the existing livelihood of the people. (PIO)

Repost from: http://www.iloilocity.gov.ph/iloiloct2009/index.php

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