TAYTAY, Rizal – The local government is gearing towards an investment boom in view of the resumption of the construction of a P400-billion expressway that would link Taguig and Quezon City via this locality.
Citing the project as an essential infrastructure seen to jumpstart the local economy that was stalled in the wake of the global pandemic, Taytay Mayor Joric Gacula said that the project would likely generate jobs to local folk who lost their jobs because of the losses incurred by the companies where they used to work.
He also expects an investment spillover as the multi-billion project dubbed as Circumferential Road-6 will traverse through their town and two other localities in Rizal Province.
Taytay, to date, is considered among the biggest revenue-generating local government units based on the latest annual financial report released by the Commission on Audit (COA) last month.
In a statement, Gacula said that they are also expecting a surge on the demand for workers, something that their locality has.
Gacula added that based on their existing urban zoning, the P400-billion expressway would be directly going through their industrial zone, which makes their place as an ideal location to put up businesses seen to provide employment and the much-needed local revenue in the form of taxes.
The local chief executive further explained that aside from jobs and revenue, the national government infrastructure project would also boost accessibility to their town, especially for employees and traders bound to the opposite ends of the national capital region.
“We’re into the garment industry. This project, once completed, would allow our local garments to be shipped to the north and south of Metro Manila and the provinces adjacent to both ends,” averred Gacula in his statement.
Earlier, Executive Secretary Salvador Medialdea and Senator Bong Go met with former Rizal Governor Casimiro Ynares Jr. and former Antipolo City Mayor Jun Ynares to confirm the resumption of what is expected to be the biggest national government infrastructure project in the province for the last four decades.
“Lost man-hours resulting from the perennial traffic decongestion in Metro Manila would be minimized and translated into revenue as traders from Taytay would be able to cut the distance and travel time of shipping their goods to the trading centers in Metro Manila and surrounding regions,” he added.
Under the original master plan, the C6 expressway would link the provinces of Cavite and Bulacan via Metro Manila and Rizal province.