QC ranks among top 10 Asian cities, No. 1 in RP
Consistently figuring in the top 10, and practically outranking other Philippine cities except in one category,
Analyzing the reasons for
Among the reasons consistently cited by business owners is the credibility of the local government whose governance initiatives have made it a favorite case study of international institutions like the World Bank, the Asian Development Bank and the Japan International Cooperation Agency.
Add to that the huge resources being invested by the city government for infrastructure improvement, which has prompted a taxpayer to remark, “At least in
Mayor Feliciano Belmonte’s forward-looking management style has been able to make the most of the city’s strategic assets – its large and generally young, 2.4 million population, its central location at the heart of Metro Manila, as well as its location of choice for media operations, schools and training centers and medical facilities.
While other cities and municipalities would view a huge population as a burden and a drain on public services, Mayor Belmonte views the city’s young population both as a large, trainable human resource pool as well as a big consumer market. While previous administrations regarded the city’s 16- hectare expanse as a problem of uncontrolled blight, Belmonte has transformed it into an investment attraction.
The results have been policies and programs that have attracted a continuous inflow of education and training institutions (counting just colleges and universities, the city now has 65), shopping malls in practically every community cluster, and information technology companies that find real estate values in Quezon City very competitive.
IBM and eTelecare, which decided to locate their largest Philippine facilities in
TriNoma marks the start of development of the City’s 250-hectare Central Business District (CBD) set to rise over the North and East Triangles and Veterans Memorial area of
Belmonte saw the waste of government assets just across City Hall where the national government owns about 95 percent of the properties. He envisioned a modern, mixed-use community to rise in these 250 hectares that would make the most of its broad EDSA frontage and its multiple transportation access points.
This attracted the World Bank to commission a framework plan for development. President Arroyo gave the national imprimatur by creating a management team called the Urban Triangle Development (TriDev) Commission, co-chaired by the mayor, to direct the development of this CBD.
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