CONSTRUCTION OF A MULTI-MILLION PESO ALEGRIA INTEGRATED TRANSPORT TERMINAL UNDERWAY
By: MPDC Edipolo A. Mosquito, Jr.
The Municipality of Alegria, Surigao del Norte had finally implemented the long awaited ambitious income generating project which is the transport terminal located near the national highway at Brgy. Julio Ouano this municipality. It started last March 12, 2010 under contract by JMT Construction of Surigao City within the period of 300 calendar days and is expected to be completed on January, 2011.
This is a loan facility of LGU Alegria to the Municipal Development Fund Office, Department of Finance in the amount of Php 12,395,547.79 with an interest rate of 9% per annum payable within 15 years. The lot area of 3,000 square meters where the project is constructed was bought by the municipality in the amount of Php 650,000.00 and another amount of Php 783,340.00 was appropriated in the 20% municipal development fund for the purchase of electrical transformer, design and construction supervision expenses. The total project cost including the LGU Equity is Php 13,843,887.79
The perceived benefits and impacts of the project are the following:
1. Minimize traffic congestion and health hazard.
2. Provide safety and minimization of parking related accidents.
3. Provide convenience of transport passengers.
4. Increase land value of adjacent areas.
5. Generate employment opportunities.
6. Enhance transport link to other areas in Mindanao.
7. Bring development and additional income to the municipality.
It is also expected that the municipality will draw more investments in the years to come due to the friendly investment policy of the LGU as embodied in the newly approved local investment code.
Mindanao Basic Urban Services Sector Project (MBUSSP)
Name of Project : ALEGRIA INTEGRATED TRANSPORT TERMINAL
Location : Brgy. Julio Ouano, Alegria, Surigao del Norte
Total Sub-Project Cost : Php 13,843,887.79
MDFO – Php 12,395,547.79
LGU EQUITY – Php 1,448,340.00
Duration : 300 Calendar Days
Date Started : March 12, 2010
Target Date of Completion : January 12, 2011
Source of Funds : Municipal Development Fund Office (MDFO)
Department of Finance (DOF)/20 % Dev’t. Fund
Implementing Office : LGU-Alegria, Surigao del Norte with technical
assistance of MBUSSP-OPDS-DILG
Name of Contractor : JMT Construction
Thru the efforts of Mayor Dominador G. Esma, Jr. and Members of the Sangguniang Bayan