Peace, infra, integrity are what Zambo City needs — top exec PDF Print E-mail
Saturday, 08 December 2012 14:33

A successful Zamboangeño executive and economist expressed in explicit terms some requirements which Zamboanga City needs to advance to a greater economic development.

Speaking before stakeholders of the city during the Zamboanga Peninsula Agri-Business Conference in Astoria Plaza on Thursday, Mr. Rolly Macasaet stressed the significance of pushing and building foundation of the Public Private Partnership (PPP) which plays a very important role in the city’s economic growth.

Macasaet said there is nothing impossible for Zamboanga City and the Peninsula in general in adopting measures to achieve more progressive stature because the city and the whole region have the capabilities.

“The concept of PPP is not borrowing money from the private sector. We push PPP to place government money to other purposes. Local businessmen can afford that. In real estate, they call it location and location, in economic development there are three things very important — peace, infrastructure and integrity,” Macasaet said.

Macasaet said that PPP projects are just a variation of the Built Operate Transfer  (BOT) Law which is oftenly successful if manageably handled by local leaders hand in hand with local business groups.

“A typical example is an IBT terminal. What you do is to construct it and let the private sector run it. It automatically becomes a PPP project. Private sector only pays the government as efficient as it is,” Macasaet explained.

He said the concept of PPP is not borrowing money from the private sector..” we push PPP to place our money to other purposes.”

Masaet said that most interesting PPP projects are those sponsored by local government units, like the construction of  the  P15 million IT park in the city of Legazpi in Bicol, the P300 million convention center and commercial complex in Davao City constructed by the city government, and in Pagadian city today, there is a PPP project that is worth 185 million for all the regional offices to be transferred to be relocated from Zamboanga City to Pagadian.

“When I talk of infrastructure,  it is not only about good roads or  a good airport, I just wanted it to be clean, the pier, this is the 21st century, you have to have stable electricity and excess capacity. Nobody will come here if there is always brown-outs. You should have fiber optics, good and reliable internet. We are old enough to understand that without peace, it can lead us to nowhere. We must have a strong and good leader for us to become part of the growing tiger economy in the country and in the Asian region,” Macasaet stressed.

He said there is nothing impossible for Zamboanga City to gain its long-wanted economic progress if the government and the private sector will merge to focus on economic growth, “having patience in pursuing our strong economic fundamentals learned from those growing cities which can become the foundation of sustainable economic growth which is long overdue.” — Bhong Simbajon