Iloilo city: Iloilo City opened its two public markets on Thursday afternoon after being redeveloped under a public-private partnership. The redevelopment of the Iloilo Terminal Market and the Iloilo Central Market began on Sept. 18, 2023 under a partnership between the city government and SM Prime Holdings, Inc.
According to Philippines News Agency, Mayor Raisa Tre±as expressed her joy during the soft opening, stating, "Today, we have reasons to celebrate and give thanks to the Lord because one of our greatest dreams to have a beautiful, clean, and modernized public market has finally come true." She emphasized that the event marks a milestone in the city's history, providing a new beginning for vendors and shoppers who can now enjoy a more pleasant shopping experience without worrying about unpleasant odors or getting wet in the rain.
The Mayor reassured the public that the markets have not been privatized, with the city government maintaining management and operational control. "Through this partnership, not a single peso (from the city government) was spent for the redevelopment. Instead, our funds were used for the social services and program that directly benefit our people," Tre±as stated. Both markets, originally single-story structures, now boast three floors, significantly increasing their capacity to accommodate vendors. The terminal market's capacity has increased from 885 to 1,250 vendors, while the central market can now accommodate 850 vendors, up from 603.
The monthly rental prices range from PHP441.94 for the wet section to PHP3,989.79 in the peripheral areas. The grand opening is scheduled for next month, marking the completion of the SM side of the project. Additional features, including a roof deck parking area for about 300 vehicles, will be unveiled.
Vendors have expressed appreciation for the redevelopment, hoping the modern facilities will attract more customers. Liza Vigo, a vendor at the terminal market for five years, noted the stability of having a permanent place, eliminating the need to move frequently. She also mentioned the benefits of not having to worry about flooding or extreme heat. Jeremy Adorio, whose family has been selling frozen goods at the central market for 30 years, is optimistic about attracting more customers due to the market's improved location. Ricarido Jaen, a fish vendor at the central market for a decade, expressed excitement about displaying his goods in the cleaner, though smaller, space starting Monday.
The soft opening was also attended by Hans Sy Jr., president of SM Engineering Design and Development, along with local officials of Iloilo City and vendors from the two public markets.
