BAGUIO City is moving forward with its plans to establish a five-storey satellite market building, despite not currently having all the funds needed for the entire project.
According to City Administrator Bonifacio Dela Peña, some P75 million worth of funding for the project is currently available.
However, the P75 million is only enough for the establishment of the first three storeys of the planned satellite market. The city has yet to acquire funding for the remaining two storeys.
The city is planning to source additional funding for the remaining storeys, which includes stalls and a multipurpose hall for stakeholders and barangay use.
Initially, the project was pegged at a P50 million budget, but adjustments to the plan and expansion of the project caused the estimated cost of implementation to balloon to a total of P110 million.
The project is also intended to include a basement parking area with limited slots, with the City Engineering Office (CEO) recommending that the said parking space be reserved for the use of delivery trucks, senior citizens, and persons with disabilities.
CEO traffic and transportation management division (CEO-TTMD) chief Jan Borillo also said that the project will need to be expanded with the inclusion of traffic mitigation measures, considering that one main road line to Barangay Gibraltar is Leonard Wood Road, which is a congested road that might be susceptible to more traffic jams.
