New Bus Terminal in Danao, perfect example of collaboration

Danao City Mayor Ramon "Nito" Durano III said the newly-inaugurated bus terminal cum public market in Barangay Poblacion in the city is a perfect project example of a National and Local Government collaboration.

President Gloria Macapagal-Arroyo this morning led the ribbon cutting and unveiling of the bus terminal cum public market that costs P74M that is constructed in a 10,056 sq.m. lot.

Durano said construction of the bus terminal cum public market was done in six months and has 120 available stalls accommodating about 120 vehicles at a given time. The terminal will be fully operational in a week's time.

Of the total project cost, P53M is a loan from the Land Bank of the Philippines and P21M came from local funds, Durano bared.

In his welcome address, the mayor thanked Pres. Arroyo for declaring a portion of the city as a special economic zone where Mitsumi Corp., a Japanese semi-conductor firm, is based. With the declaration, four new locators have already invested in the zone, which are providing more employment to the residents of the city and its neighboring towns, Durano said.

However, Durano said the special economic zone that envelopes 25 hectares are not owned by the city government but by Mitsumi Corporation.

Durano said Mitsumi is employing about 15T workers as he expressed hopes of enticing more companies to come to Danao City in order to provide more livelihoods to the people. The city has a population of 90,000.

The mayor likewise expressed his gratitude to the President for endorsing the North Coastal Road as a priority project in consonance with her 'Super Region' concept as this project will continue the economic upswing of the northern part of Cebu Province.

After the inaugural activities, the President together with her party composed of Trade Sec. Peter Favila, Presidential Chief of Staff Sec. Mike Defensor and Tourism Sec. Ace Durano were invited to a brunch at the mayor's residence.

The President and her party left slightly before 12:00 noon for Mactan Ebuen Air Base in Lapulapu City for her departure back to Manila. (PIA)