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Tanco Seeks Private Sector’s Share In Public Investments PDF Print E-mail
Tanco said the private sector is needed to fast track traditionally major public sector investments.

These investments, he said, include power generation using renewable energy, water distribution, toll ways, and airports and seaports, among others.

As the new chairperson of the Regional Development Council 6 (RDC-6), Tanco spoke during the body’s inaugural meeting at the Sarabia Manor Hotel and Convention Center on Friday.

He cited the private sector, businessmen and the investors as the main engines for the growth of regional and national economies.

Tanco hopes that local government units will look more intently on their social indicators and, with the help of regional line agencies, take care of basic services for their respective constituents.

“Our efforts must be focused on attracting as many domestic and foreign direct investments to locate their projects in Western Visayas and not elsewhere,” he said.

Also during the meeting, the RDC-6 approved the new Medium-Term Regional Development Plan for Western Visayas covering 2011–2016, as well as the National Economic Development Authority’s (NEDA) project on “Mainstreaming Disaster Risk Reduction/Climate Change Adaptation in Provincial Planning.”

The NEDA project is assisted by the United Nations Development Program and the Australian Aid for International Development.

Tanco also urged local government units to make Western Visayas attractive to investors.

“Our priority for the coming years is precisely to make Western Visayas attractive to investors,” the governor said.

Sen. Franklin Drilon served as the RDC’s inaugural meeting guest speaker.

Also present were Ma. Luisa Segovia of the Iloilo Business Club Inc., RDC-6 co-chair; governors, mayors, president of the League of Municipalities, president of capital towns, member regional line agencies and private sector representatives.

Tanco said the next RDC meeting will be held in this city in April to coincide with the celebration of Capiz’s Foundation Day./PN
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