BACOLOD CITY, Negros Occidental, Philippines – Department of Budget and Management Secretary Wendel Avisado has approved P150 million allocation for the rehabilitation of the Bacolod’s three public markets.
This was revealed by Mayor Evelio Leonardia who said the budget “is by far the biggest single Local Government Support Fund (LGSF) we have ever received”.
Each of the markets — North Public Market along Burgos, Central Market, and South Public Market in Libertad Street — has a P50 million allocation for rehabilitation.
“We already had meetings with the officers of the market vendors associations, and the City Engineer’s Office has also consulted them during the process of preparing the Program of Works for the project,” Leonardia said.
The mayor added that the P150-M assistance “will be a substantial investment in our three major markets to counter the unprecedented devastating health and economic consequences or impact of COVID-19”.
The primary purposes of this project are, among others, to meet sanitation standards, protect public health and restore economic prosperity.
“As part of our economic recovery program, this will give us a positive trajectory of our economic outlook,” Leonardia said, as he thanked Vice Mayor El Cid Familiaran and the Sangguniang Panlungsod members for their prompt action in endorsing this project to the DBM.