ILOILO CITY, May 12 (PIA) --- The proposed rehabilitation of the public markets in Iloilo City will help boost the income of local market vendors here, according to the Iloilo City Government.
In a media release, city mayor Jerry Trenas said the rehabilitation of public markets, through Public and Private Partnership (PPP), aims to help and improve the income of the market vendors, and to provide the city with a sustainable multi-use market complex.
"Once our markets have improved, this will help our vendors be competitive against supermarkets in malls," he said.
Trenas also assured that there will be no displacement of vendors in the improvements of district markets.
"No legitimate market vendors will be displaced as based on the project's terms of reference (TOR)," he said.
According to the Iloilo City Government, private investors SM Development Corporation and Metro Pacific have conveyed interest in the redevelopment of Central and Terminal Public Markets.
Meanwhile, the city government shall handle the development of Arevalo, Jaro, and La Paz Public Markets. (Iloilo City PIO/JSC/LTP/PIA6 Iloilo)