KORONADAL CITY–Local officials expect the opening of more growth zones here in the next few years with the operationalization of the PHP150-million integrated transport terminal complex.
Mayor Peter Miguel said Friday that a number of major business ventures have already started to emerge in outlying areas of the 5.9-hectare terminal on Purok Yellow Bell in Barangay Sta. Cruz.
Miguel said these developments will usher in more growth opportunities for the area and eventually expand the city’s economic activities.
The mayor specifically cited portions of the Jessie M. Robredo Avenue, the main road traversing the terminal complex. The diversion road, which passes the rear portion of the city hall compound, stretches to parts of barangays Sta. Cruz, San Isidro and Zone 3-Poblacion.
“We expect more businesses and projects to rise in these areas as we have seen with the developments these past years,” Miguel said.
In the last three years, he said that a number of businesses have opened by the roadside leading to the terminal.
These include commercial buildings, restaurants, and a prime housing project of property developer Camella Homes.
The city government held the soft opening of the terminal complex on Monday after acquiring accreditation from the Land Transportation Franchising and Regulatory Board (LTFRB).
Aside from the LTFRB authority, he said the city council approved late last month the ordinance setting the regulations for the operation and management of the terminal.
He said the terminal is now fully functional, with 97 percent of the buildings and related structures already completed.
Touted as among the biggest and most modern in Mindanao, the construction of the terminal started in December 2015 through a loan from the Land Bank of the Philippines.
The terminal adopted the “green” concept in terms of architecture and facilities, specifically the use of natural ventilation, natural lighting (skylight) and energy-efficient light-emitting diode or LED lights.
It is designed to provide adequate green open spaces and the design would ensure the preservation and integration of the land’s existing natural water bodies and features. (PNA)
