In line with the national government’s thrust to transform the Philippines through PPPs and collaboration between LGUs and the private sector, Iloilo City Mayor Jerry Trenas recently signed the lease agreement with SM Prime Holdings, Inc. Know more:
In line with the national government’s thrust to transform the Philippines through PPPs and collaboration between LGUs and the private sector, Iloilo City Mayor Jerry Trenas recently signed the lease agreement with SM Prime Holdings, Inc. for the redevelopment of the Central and Terminal Markets in the bustling Southern capital. SM is investing P1.5B to P2.5B in the project.
Tan cited that SM has partnered in the past with LGUs for such projects as the Marketmall in Dasmarinas, Cavite, which was well-received by the community, as it has transformed the public market into a spacious, safe, clean, and more complete marketplace where both MSMEs and national brands are thriving.
The modern markets will have retail spaces and ample parking and will bring in not only more local customers, but hopefully will spur tourism as it will be a showcase of the best the city has to offer in terms of local products and well-loved Ilonggo food specialties.Iloilo Vice Mayor Jeffrey Ganzon, Iloilo Mayor Jerry Trenas, SM Prime President Jeffrey Lim, SM Supermalls President Steven Tan.
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