Update: The Technical Working Group (TWG) assigned for the development of the Baguio public market has said that the proposed modernized market will be a 5-storey building with 2 parking spaces in the basement.
The TWD has estimated that the project would cost 6 billion pesos and the development will be undertaken in four phases in a 3-year period.
Funding for the project would come either through a bank loan, a joint venture, turnkey or a partnership with local cooperatives, the website added.
Cordillera - Baguio city residents and market vendors will have a reason to be proud off if the city government will pursue a massive development plan of the public market to become one of the most modernized markets in Southeast Asia.
According to the official website of Baguio City, a total of P6 Billion is now needed to fund the said development plan.
The development plan includes modernizing the Magsaysay complex by building a 5 storey main market building with a basement parking area that can accommodate 635 slots.
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Even the crowded Hilltop and Kayang offices will also be improved. There will be road links that connect the opposite sides of the market and elevated pathways so that people can walk comfortably.
Photo Courtesy || Public Information Office - Baguio City |
Photo Courtesy || Public Information Office - Baguio City |
A conceptual development plan has already been created and will be used by the members of the technical working group (TWG) as a basis for a feasibility study but will first undertake further consultations, public hearings with concerned stakeholders and scoping sessions.
Magalong praised the group of young architects who came up with the beautiful design that will now serve as the basis for feasibility study for the project.
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Lawmakers are encouraging the city to fast track the development of the public market to keep up with other first class cities in the country.
Watch the new planned Baguio City public market below: