BAGUIO City is now soliciting proposals for three big ticket projects as part of its priority investments program.
According to City Budget Officer Leticia O. Clemente, the three projects in question are the Asin Hydroelectric Power Plant, a cable car system for Baguio, and a bulk water project.
Clemente said that the city recently presented its priority investment projects to local businessmen to acquire funding.
Clemente said the city government is looking to set up a “waste-to-energy project, rehabilitate the city-owned Asin mini-hydro power plants and revive the bulk water supply and distribution project.”
The bulk water supply was a project planned from as early as previous mayor, Mauricio Domogan’s term, but failed to materialize.
The cable car project is part of the planned mass transportation and facilities system, which also includes an intermodal transport terminal, multi-level parking, and elevated monorail, among others.
Clemente said aside from a public-private partnership (PPP) scheme, they are looking to bankroll the projects using local revenue collection, borrowing or bond flotation, foreign and local grants, capital income from sale or use of assets, or a combination of these different options.