Burnham, sewerage projects on hold due to funds; TIEZA
>> Friday, June 3, 2022
ON
HOLD – The P400-million improvement project of Baguio City's Burnham Park was
put on hold due to the lack of funds amid the pandemic. – PNA/ Liza T.
Agoot
By Liza Agoot
BAUKO, Mountain
Province – The Tourism Infrastructure and Enterprise Zone Authority
(TIEZA) said the big-ticket projects they had committed to financing before the
pandemic are still suspended due to lack of funding.
"They are suspended but we are not canceling the assistance to
the projects," said Mark Lapid, chief operating officer, in a press
conference on the sidelines of the formal re-opening of the Mount Data Hotel
here on Thursday.
The official said that with the travel of people being scarce, TIEZA
was unable to receive travel taxes, the agency's main source of funds.
"There is no money. The funds of TIEZA have been used for the
pandemic response of the government at the height of the (coronavirus disease
2019) pandemic," Lapid said.
In 2019, TIEZA approved funds of over PHP400 million for the
rehabilitation and improvement of Burnham Park, aside from the city's sewerage
treatment plant.
The whole Burnham Park reservation used to be under the management
of the TIEZA but was ceded to the city government in early 2000.
Lapid said TIEZA is in the process of filing a loan to finance its
various projects.
"Baka maisama ang Baguio projects (We hope that the projects in
Baguio will be included)," he said. -- PNA
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