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HomeThe RegionNorthern MindanaoP583-Million Public Market To Rise In Iligan City  

P583-Million Public Market To Rise In Iligan City  

ILIGAN CITY Mayor Celso Regencia announced that a P583-Million public market is going to rise in Iligan City during the ground breaking ceremony held on February 20, 2020. 

Mayor Regencia said the ground breaking ceremony signalled the start of the project which will include earth moving and cleaning of the lot where the public market will be constructed, particularly in Barangay Pala-o, this city.

The new two-storey public market will replace the old one which was built in 1960.

It was demolished last year and around 1,600 vendors were relocated to a temporary market at the integrated bus and jeepney terminal in Tambo, Barangay Hinaplanon.

The new market building, which will be built on a 9,735 square-meter lot donated by the Laya family to the city government, will have a roof deck, cargo lifter and escalator.

The roof deck, according to Virginia Junsan, head of the city’s Economic Enterprise Development and Management Office (EEDMO), will be a venue for night market where food stalls to be put up.

She said the new facility will generate 1,269 stalls at the ground and second floors.

Around the building is reserved as parking space that will be occupied with 132 vehicles.

Sourced out budget

Mayor Celso Regencia, who signed the notice to proceed after the groundbreaking, said the budget is not a loan but sourced out and earmarked for the project from 2013 to 2019.

“Akong isulti sa inyoha nga kini nga kantidad gikan sa 2013 hangtud sa 2019 ato ning gitigum para gyud mapatindog nato ang atong gipangandoy nga nindot nga merkado nga dili ta mag-loan sa bangko. Last term na nako ug dili ko magpabilin og (utang) nga magsakit ang ulo (sa magsunod nako) para magbayad sa utang,” Regencia said in a press briefing.

(I’d like to tell you that this amount is from 2013 to 2019 that we saved so that we can build a beautiful market without applying for bank loan. This is my last term and I don’t want to leave a loan that would give problem to the officials next to me.)

The winning bidder, Leyte-based contractor BM Marketing, was awarded with the contract.

It will finish the project in 18 months according to BM Marketing representative Mark Tiu in a press conference.

Tui said constraction materials will be bought in Iligan ang workers are coming from Iligan.

“It is economically feasible to buy the (construction) materials here (in Iligan) and if possible, 100% of the workers will be coming from here,” Tui said.

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