TABUK CITY, Kalinga – Development in this city is starting to flourish with the proposed construction of a P640 million market and mall structure in a 4-hectare property in Bulanao.
Mayor Darwin C. Estrañero said that executives of XRC Mall Developers, Inc., the local government’s private partner in the put up of the project, will be arriving in the city anytime this month to conduct an ocular inspection in the proposed site of the structure before the start of the construction activities programmed for the said purpose.
The first phase of the multi-million project will be the construction of the city’s public market that will be built in a 2-hectare portion of the land earmarked for the purpose while the second phase will be the construction of a centralized transport terminal and a commercial center featuring a modern and elegant mall.
Under the proposal of the developer, the public market will be appropriately zone with a dry section, wet section, livestock section, commercial stalls and a transport terminal.
The developer committed that no vendor in the city’s market will be displaced as all existing market stallholders in good standing will be guaranteed to have a space in the new market with sufficient space to spare for additional vendors.
Further, XRC Mall also assured that rentals will not increase and will still be based on the prevailing city market code.
The city mayor claimed that the operation of the existing market will not stop during the implementation of the project as there will be an available relocation area for the vendors that will be temporarily displaced and that the completion of the market will be the priority before the realization of the mall.
On the other hand, the commercial center will feature a community mall with a supermarket, hotel, 2 cinemas, restaurants, department stores, branded boutiques, financial services, vanity services and entertainment area.
XRC Mall said that the operation of the new market and mall will bring added employment for the residents and increased confidence of investors to the economy of the city.
Mayor Estrañero disclosed that once that the market will be operational, the local government stands to earn more than P7 million in business taxes, permits and other fees that will be collected that will boost the city’s internally generated resources.
Earlier, the local government authorized the local chief executive to enter into an agreement with XRC Mall Developers Inc. for the put of the city’s market and mall project and that the contract was subsequently confirmed by the council for implementation.
Tabuk was created as a component city of Kalinga in June 2007 where the city is set to celebrate its 13th founding anniversary this month but it was eventually cancelled because of the fight against the dreaded Coronavirus Disease 2019 (COVID-19).
The local chief executive claimed that the market component of the project is expected to be completed in one year while the commercial center and mall component will immediately follow after the completion of the project’s first phase.
He underscored that as a city, there is a need for development to flourish in strategic areas to help in convincing to make Tabuk as one of their investment areas to help in speeding up the development of the city into one of the most developed urban centers in the country as it is the city with the third largest land area.
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