New school building in exchange for 2 lots
SAN CARLOS CITY-It is a big gamble but the city government of San Carlos is willing to take the risk at any cost.
In exchange for two prime lots occupied by two central elementary schools measuring more than five hectares, the city government here is building a 120-room school building from its own fund of P84.5 million on another lot.
Mayor Julian Resuello said the city government borrowed P96.8 million from a bank to finance the construction of the project where San Carlos City Central Elementary Schools I and II would be relocated in time for the opening of classes in June next year.
To date, at least 15 per cent of the amount has already been released for mobilization, and he feels assured that there are no more obstacles to the project.
The two central elementary schools are being relocated adjacent to the government-owned Speaker Eugenio Perez National Agricultural School (SEPNAS) where not only a 120-room school building with four big comfort rooms would rise but also a division office.
The project finally implements a memorandum of agreement signed by Resuello with then Department of Education Regional Director Remedios Taguba which was approved by then Secretary Raul Roco.
“Two presidents gave their go-signal to the project, namely former President Joseph Estrada and incumbent President Gloria Macapagal Arroyo,” Resuello said, adding that all city officials, including Congressman Generoso Tulagan of the third district are behind this.
In pushing the project, the city government expects to acquire a suitable area that is centrally located in the city as site for big commercial malls that could bring in more income to the city and create more jobs.
Two big investors have reportedly already come forward and signified their intention to build their respective projects.
One of these is the Dagupan City-based City Supermarket Incorporated (CFSI), owner of chains of supermarts and malls in Dagupan, Urdaneta, Pangasinan, Baguio City and soon La Union, and the Manila-based Robinson’s.
Resuello expects more investors to come as soon as the areas occupied by the San Carlos City Central Elementary School I and the 1.28 hectare San Carlos City Central Elementary School II are vacated.
“We expect to generate at least one billion peso investments from the outside out of this deal in a few months. All these would spell adequate economic opportunities for the city and jobs for our unemployed and underemployed citizens,” Resuello said.
He explained that the amount that could be initially generated would be enough to pay the loan of the city , aside from having extra money that can be used for further development.
Share your Comments or Reactions
Powered by Facebook Comments
