P200M feeder road project to link Lapaz, Molo districts
To liven up economic activities along the Iloilo River, another P200 million worth of road project will be constructed from Gaisano City to Carpenters Bridge in Tabucan, Mandurriao. Out of the P200 million budget, P60 million is already sourced out.
Mayor Jerry Treñas said the project will be constructed in routes where there is no need for the city government to exercise expropriation proceedings. He said no private property will be affected in the proposed P200 million road project.
The road project will be more of a feeder road, Treñas said, adding the funding source will be the Department of Public Works and Highways (DPWH).
The city made a road investment proposal before the project was approved. The market price of properties are expected to increase dramatically because of the proposed road improvement. Real property owners near the soon to be developed areas will benefit from the project.
"The city invoked 'economic justification' for the approval of the feeder road," said Treñas.
There are several aspects to be considered in constructing feeder roads, these are the economic impact, social impact, traffic impact, sustainability of the project and environmental impact. Portions of the proposed site is consist of mangrove plantations.
Treñas said values of real property along the covered areas will increase. He envisioned that developers will invest on restaurant and hotels business as the project is facing the Iloilo River. The presence of the proposed project is also an additional alternate route in going to old airport site. The proposed new road project will likewise decongest traffic along General Luna in going to Molo or Mandurriao.
The old airport is currently subject of a bidding. The city government wants the prospective buyer to make portions of the property a theme park, an IT center and even a hospital. As to date, the Department of Finance (DoF) has yet to make its final decision over the bidding.