New Alicia public market soon to rise via P190-M LANDBANK loan

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ALICIA, Isabela — The first-class municipality of Alicia in Isabela recently began the
construction of its new public market bankrolled by a P190-million loan from the
Land Bank of the Philippines (LANDBANK).

The LANDBANK term loan availed by the local government of Alicia in 2021 has
funded the acquisition of a 20,000 sq.m. commercial lot in Barangay Antonino,
Alicia, and jumpstarted the construction of the new public market building.
The rise of the new public market will decongest the existing market and will provide
business opportunities to small and medium enterprises, as well as ambulant
vendors in Alicia and its neighboring towns.
Aside from the hiring of market administration personnel, the project has also
generated jobs for around 230 indirect laborers involved in the development and
construction of the building.
“LANDBANK is one with our local government partners in providing necessary
facilities to support the growth of agri-producers and local entrepreneurs. This forms
part of our broader thrust of helping build stronger and more resilient local
economies,” said LANDBANK President and CEO Cecilia C. Borromeo.
The new public market is set to have eight perimeter rows of stalls or about 172
stalls for dry goods and groceries, and four inside sections of about 108 stalls for
fruits and vegetables, including meat and fish sections.
The market facility will also be equipped with modern facilities, such as a water
sprinkler system, closed-circuit television (CCTV) monitoring system, double
drainage canal, steel elevated water tank with deep well water pump, and standby
generator set, among others.
With LANDBANK’s support, Alicia Mayor Joel Amos P. Alejandro believes that the
new public market will hasten commercial and economic growth in the area while
catering to the various needs of the community.
“Alicia is running twice as fast in good governance, business, and property
development to be the next wonderland in the North,” Mayor Alejandro said.
With its vast agricultural land and irrigated fields, Alicia is one of the largest rice-
producing towns in the region, with palay production dominating its local economy.#
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