Monday, June 27, 2016

Millionaire village in Leyte inaugurates public market

ORMOC CITY, Leyte, June 27 (PNA) -– The local government of Tongonan village here inaugurated on Monday the soon-to-be-finished public market.

Tongonan is the richest village in the city, earning an actual income of PHP44.05 million in 2014 for sitting on the 700 megawatt Leyte Geothermal Production Field (LGPF).

Funding for the public market comes from Energy Regulation 1-94, the implementing rules and regulations of Republic Act 7638 section 5 (i) providing for a financial benefit to host communities of power generating facilities. The benefit will be used for the community’s livelihood development, among others.

The market was first developed at a cost of PHP3.18 million. The energy department released another PHP3.19 million for its rehabilitation after it was damaged by super typhoon Yolanda. The project’s scale considered huge for a village and is more apt for a municipality.

The exterior of the 804.97 sq.m building is complete but the interior remains hollow. Village chief Isagani Bañez intends put a modern airconditioned supermarket, hardware store and other establishments like a coffee bar, family KTV, computer store, water refilling station, laundry services, etc.

The public market will serve the needs of residents in Tongonan and nearby villages as well as employees involved in LGPF’s development. They will no longer need to go to the city proper 19.3 kilometers away. It is also expected to spur economic activities aside from providing local employment. (PNA)
FFC/SQM/FELIX N. CODILLA

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