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Olivarez Sees Bright Outlook For Paranaque

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MAYOR Edwin L. Olivarez is confident that Parañaque City will continue to soar high economically and will remain as one of the top cities in the country for many years ahead.


Olivarez made the statement during his 3rd State of the City Address (SOCA) Thursday even as he vowed to give back to the people through efficient delivery of public service whatever gains the city is making as a result of their much improved economic and financial standing.


In his speech, Olivarez recalled that the city government was in dire financial situation shortly after he assumed office two years ago in which the Commission on Audit (COA) has discovered that it has a cash deficit of P 2.786 billion aside from another P2 billion that it owes from the Land Bank of the Philippines.


But after just two years, his administration has managed to turn around the city’s financial situation from bankrupt to stable through a number of measures like tax amnesty program that netted for them at least P700 million in earnings as well as negotiating for loan restructuring that resulted in better terms for the city.


He credited their current better financial standing through more efficient tax collections and prudent spending in which every centavo is spent only on worthwhile projects and programs.  


“Dahil dito ay maayos nating naibibigay sa ating mga mamamayan ang lahat ng mga kinakailangang batayang serbisyo tulad ng libre at de-kalidad na edukasyon at maayos na public health program” he said.


“Kasama din ang sapat at tamang pangangalaga sa mga vulnerable sector tulad ng mga kabataan, kababaihan at mga senior citizens, at ganoon din naman ang pabahay sa mga mahihirap, pagkakaloob ng mga programang pangkabuhayan at trabaho, at marami pang serbisyo na kasama sa ipinangako natin noong panahon ng kampanya” Olivarez continued.


Olivarez is primarily pinning his confidence on a brighter future for the city on the continued influx of foreign and local investors that have been putting up their businesses in various areas especially in the Entertainment City.


To date there are already a number of hotel resorts and casinos operating in the Entertainment City helping greatly in his economic initiatives and job generating programs.


He is also upbeat because of the continued construction boom in Parañaque with the ongoing construction of different hotels and condominiums in different areas of the city.


Olivarez is also banking on the P110 billion government projects consisting of construction of Metro Manila Skyway Stage 3, NAIA Expressway Phase 2 and the LRT Line 1 Cavite Extension Projects that are due for completion in the next three years.


To sustain this growth momentum, the city is cashing in on the P5-billion investment in infrastructure over the next four years to complement the national government’s huge investments.


In his speech, Olivarez took the occasion to announce the new brand name of Parañaque which from now on will be called the “Bay City” with the slogan “Life Never Stops at the Bay City”.


Olivarez explained that the “Bay City” was born out of their desire to seek and create an identity that will be unique to their city while also retaining the color, character and values of a true Parañaqueno.  



“With all of these great developments I can certainly see a very bright future for our city especially if our people will continue their full support and cooperation with our leadership” Olivarez stressed.  


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