San Fernando to boost investment capital plan-A A +A
Friday, May 2, 2014
CITY OF SAN FERNANDO -- Mayor Edwin Santiago said Friday that moves are in the offing to boost the City Government's investment capital plan to make San Fernando more competitive.
This, after the City of San Fernando was recently named third most competitive city in the Philippines by the Central Luzon Growth Corridor Foundation, which recognized the best local government units implementing the streamlining program in the issuance of mayor’s permits.
“We are very happy we are third in the honor roll of most competitive cities in the country. But we would not sit on our laurels but instead initiate more plans and programs that would strengthen San Fernando’s competitiveness,” Santiago said.
He told Sun.Star Pampanga that the investment capital plan will be incorporated in the city’s master Comprehensive Development Plan.
“The investment capital plan is designed to boost investments and entice more and bigger investors who will provide additional employment, livelihood for Fernandinos and our kabalens from adjoining areas, and increase economic activity in the city as a whole. We would make it very doable and will include several incentives particularly those related in expanding the city’s tax base,” added Santiago.
Along with the investment capital plan, he also noted of the soon-to-be-implemented tourism investment plan which is similarly seen to make San Fernando vibrant, competitive and livable.
“The tourism investment plan is divided into three phases which will start with the further development of the area along Paskuhan Village and Jose Abad Santos Avenue. Phase two will cover Lazatin Boulevard which is planned to become an entertainment hub with a regular weekend trade fair and business exchange. Phase three will cover the Heritage District towards the city proper. These will entail construction of plazas, green areas and trade and cultural centers. We would want this to take place in the next two to three years and we in the city government would make everything as simple but as feasible as possible,” said Santiago. (JTD)
Published in the Sun.Star Pampanga newspaper on May 03, 2014.