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INVESTMENT
PRIORITY/DEVELOPMENT AREAS
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PROJECT
TITLE |
BUS TERMINAL |
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LOCATION |
Baņag or
Busay |
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PROJECT
PROPONENT |
Local
Government Unit |
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PROJECT BRIEF |
Daraga is one of
the key growth town in the province of Albay and has the largest
population among the 17 municipalities second to Legazpi City.
Its strategic location at the crossroad and to the
Legazpi-Iriga-Naga-Daet Growth Corridor Area puts the municipality
to its best position to attract investors from different places.
The municipality of Daraga is rich in agricultural products. This
is why people came to work in the farms and others avail of the
products and services being rendered in the municipality. Owing to
its location, Daraga experiences traffic congestion. Buses going
to Legazpi, to the south to Sorsogon then to Visayas and Mindanao
region, stop and park anywhere the driver desired to give
passengers time to relieve themselves and/or buy food after a long
travel. This practice not only inconveniences the travelers but
also the people of Daraga.
Realizing the need to solve this problem, the municipal government
of Daraga had decided to build a Bus Terminal outside the Central
Business District, but within the main bus and jeepney routes.
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OBJECTIVES |
The project aims to
promote the establishment of an integrated, efficient,
growth-related and service oriented transport system that will:
- provide reliable and
cost-effective movement of people and goods;
- enhance regional dispersal of
economic activity;
- improve all-year accessibility
to remote areas; and
- to provide employment in the
area
The proposed
project is expected to help eliminate transportation support
infrastructure constraints and thus include efficient movement of
people and goods, paving the way to socio-economic development in
the area.
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PROJECT STATUS |
With Feasibility Study
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PROJECT COST |
PhP 20.725 Million
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FIRR |
28.14%
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IMPLEMENTATION PERIOD |
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COOPERATION SOUGHT |
Private Sector Funding Joint Venture LGIF BOT Scheme
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