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About the Project Master Plan Incentive Packages Project Area

   INVESTMENT PRIORITY/DEVELOPMENT AREAS
 
 PROJECT TITLE BUS TERMINAL
 LOCATION Baņag or Busay
 PROJECT PROPONENT Local Government Unit
 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.

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.

PROJECT STATUS

With Feasibility Study

PROJECT COST

PhP 20.725 Million

FIRR

28.14%

IMPLEMENTATION PERIOD  
COOPERATION SOUGHT

Private Sector Funding
Joint Venture
LGIF
BOT Scheme

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Camalig

Daraga

Guinobatan

Legazpi City

Ligao City

Oas

Polangui

Baao

Bato

Bula

Iriga City

Nabua

Naga City

Pili

Daet

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