Baguio City’s government has received more investors for parking facilities in the city as part of its “Growth Node Development Plan”.
According to Baguio Mayor Benjamin Magalong, the city is looking to kickstart its development plan this year.
Magalong said that nine out of the 22 private investors that attended its first ever Investment Summit in December of last year are engaged in parking and mobility development, and two of the investors are in the business of transport system development.
The growth node development plan aims to expand economic development outside of the city’s central business district to decongest the district.
The development plan includes transport-oriented development, urban agriculture, arts and crafts, parks, heritage and landmark restoration, ecotourism, and business incubation, including the further development and operation of the Loakan airport where flights between Baguio and Cebu are now on a regular schedule.
Investors in the summit were also looking to venture into renewable energy, water and energy resource development, and architectural consultancy among other projects.
The city meanwhile has tagged its developmental needs as parking facilities, low-cost housing projects, cold storage facility for a modern slaughterhouse as well as the city’s smart mobility plan.
