LGU investment ventures pushed in Luzon
The Department of the Interior and Local Government (DILG) has pushed the Duterte administration’s advocacy to promote economic and social development in the Luzon leg of the Public-Private Partnership for the People Initiative for Local Governments (LGU P4).
DILG Acting Secretary Catalino S. Cuy said with this vision the Luzon conference of LGU P4 gathered local chief executives, private companies and other stakeholders in a convention where best practices and possible partnerships and investments between the LGUs and the private sector are lobbied.
He stressed that LGU P4 is a vehicle where the private sector plays a vital role in the implementation of innovative projects of LGUs that will promote the general welfare, inclusive growth and better quality of life of the people.
“This conference targets to induce a synergy among stakeholders, especially the private sector, to tie up with the LGU for possible business endeavors which in the long run shall benefit the people,” Cuy said.
Participants of the conference were local chief executives, Sangguniang Bayan Chairpersons on the Committee on Economic Affairs, local economic and investment promotions officers (LEIPOs), local planning and development coordinators (LPDCs), and provincial Liga ng mga Barangay from Region 5 and the National Capital Region.
“We are elated to participate in this Luzon leg of the LGU P4 conference. This is the proper venue for us LGUs to get technical insights on how to efficiently address various aspects of public-private partnership,” said Mayor Caroline Sy-Reyes of Pilar, Sorsogon.
Among the topics tackled during the conference were basic concepts and legal basis of LGU P4, investment opportunities for LGUs in a publicprivate partnership, sharing of LGU best practices on P4 where LCEs from Valenzuela City and Legazpi City in Albay imparted vital business ventures that were products of P4 initiatives.
Engr. Joseph Esplana of the City Government of Legazpi said that projects which emanated from publicprivate partnerships are now reaping fruits in several business undertakings which created thousands of job opportunities for city residents.