Baguio market fire total damages reaches P40-M

>> Tuesday, April 25, 2023

BAGUIO CITY -- The City Disaster Risk Reduction and Management Office reported P40 million updated damages from the recent fire that gutted Blocks 3 and 4 of the city public market here. 
    CDRRMO officer-in-charge Antonette Anaban said latest estimated damages to public and private properties was result of post-disaster needs assessment conducted by the local government.
    She said estimated damage cost to the structures including depreciation cost was set at P27 million, the burned vehicle of the Public Order and Safety Division (POSD) – P1.49 million, damaged goods – P10.8 million, damaged power lines – P72, 000 and the damaged perimeter streetlights installed by the City Engineering Office (CEO) – P104,000 or a total estimated damage of P39.8 million.
    On foregone losses that included the lost income of the affected vendors and the revenue of the local government, Anaban said the same was estimated to be around P6.150 million composed of P5.1 million lost income of affected vendors computed at the daily rate of P400 multiplied by the number of affected vendors and P1.050 million in terms of arrival fees supposedly collected by the local government.
    The CDRRMO official said the local government also incurred unexpected expenses, particularly on the relocation of the affected entrepreneurs amounting to P8 million and logistical expenses amounting to P3.75,000 or a total of P8.375 million.
    In terms of food packs, the local government received around P3.556 million from donors, particularly P2.091 million worth of food packs from Senator Sherwin Gatchalian, P700,000 worth of canned goods from Senator Christopher Lawrence Go, P520,000 worth of rice packs from Senator Robinhood Padilla and P245,000 worth of rice bags from Vice President Sara Duterte.
    For “assistance to individuals in crisis situation (AICS)”, some P14.1 million was distributed by the Dept. of Social Welfare and Development (DSWD) which came from the initiative of Senator Gatchalian and P4.98 million each from Senator Go and Senator Padilla purposely for the educational assistance of the beneficiaries of the fire victims.
Some 350 qualified recipients will be getting financial assistance from the government’s Sustainable Livelihood Program (SLP) which they could use to allow them to recover from the negative effects of the fire incident. -- Dexter A. See

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