Friday, September 30, 2011

Iloilo City eyes P60B investments, P3B infrastructures until 2013

Aerial View of Iloilo River @ Gaisano Area
By Lydia C. Pendon

ILOILO CITY – This highly urbanized city in the Visayas is eyeing an ambitious but doable P60 billion in investments and P3 billion in infrastructures for three years or until 2013.

This was announced by city mayor Jed Patrick Mabilog during the orientation seminar on the Investment Priorities Plan (IPP) led by the Board of Investments (BOI) and the Department of Trade and Industry regional office in Western Visayas.

Mabilog said the investments of the private had already started coming in since 2010 by citing the entry of Megaworld Corp. and Ayalaland Corp. and other business locators such as call centers.

Road infrastructures, electric power and water supply and other amenities are already being addressed and waiting for business to come in, the city mayor said.

“Iloilo City is open for business and the city alone is considered as the most progressive area outside of Metro Manila for investments as an important next wave city,” Mabilog said.

“Manila, Cebu and Davao are already congested and saturated. We are here to offer business opportunities and together, we work to make our country grow and develop,” the city mayor added.

On the other hand, Mabilog also assured BOI Governor Pelagio Tan Ricalde an office space for BOI at the new cityhall upon completion by the end of this year. BOI offices are located in Metro Manila, Cebu and Davao.


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