Joint venture of LGU Sorsogon City with LKY Dev’t. Corp. to create 500 jobs

Sorsogon Shopping Center and tricycle grand terminal Project nearing completion. PHOTO COURTESY OF ENGR. PURISIMO A. PROSPEROSO, JR.

By Felix  ‘Boy’ Espineda, Jr.

SORSOGON CITY (BicolToday.com/3-April-2012) – The agreement and understanding of LGU Sorsogon City with LKY Development Corporation is expected to create five hundred jobs for Sorsoganons.

It will materialize after the completion and full occupancy of the renovated Sorsogon Shopping Center now in its finishing stage of construction and the on-going Sorsogon Bay City project. The projects are hubs for fast food chains, drugstores, supermart, gas station and the Bay City will host condotels and marinas offering the view of the sunset of Sorsogon Bay. Both offer commercial leasing spaces.

The renovation of the old shopping center became one of the focal points during the first term of Mayor Leovic Dioneda, to attract and create job opportunities, doubled-up by the investment of Wilbert Lee, Chief Executive Officer of LKY Development Corporation, the biggest construction concern in Sorsogon, who foot the bill for the renovation.

When the project was tossed to the Sorsogon Chamber of Commerce and Industry, Wilbert Lee took the opportunity and the challenge to prove that Sorsogon City is a good investment area, thus a roadmap for domestic investors was created.

LKY Sorsogon Bay City project to host integrated bus, jeepney and van terminal at Barangay Balogo, Sorsogon City. PHOTO COURTESY OF ENGR. PURISIMO A. PROSPEROSO, JR.

This is not the first time that LKY took a giant step, back in the late eighties, the construction firm responded to the offer of then Municipality of Sorsogon when it built a commercial building in a government lot fronting the public market, then another foothold when the diocesan leadership offered the development of the back portion of the cathedral lot which now stands as a landmark in the city proper.

This time, the response of Lee’s firm was a class act for Sorsogon City. It was a silent statement that private-public partnership can design, build and offer new landscape for business opportunities.

It started way back in 2009 during Dioneda’s first term, when the third city council was challenged by him to come-up with a resolution to attract investors for built-operate, built-lease, and built transfer scheme offering safety nets for investors.

LKY responded with a grand proposal not only to boost Sorsogon economy but put on record that the traffic problem of the city center be corrected. Thus the renovated Sorsogon Shopping Center when completed will host the tricycle integrated terminal and the Sorsogon Bay City project at Barangay Balogo will house the integrated bus, jeepney and van terminal. Rolling up its sleeves when the projects were given the green lights, LKY never look back. It was committed and it was proving to all that it is not lost in Sorsogon after all.

Both Mayor Dioneda and Wilbert Lee of LKY are sort of visionaries, they have the knack of what can be done and how can it be done. Dioneda created an investment climate, Lee responded in ways never imagined by Sorsoganons.

Simultaneously starting the project created employment to skilled workers and tap the labor force not only of the city but from the other towns of the province. Masons, carpenters, plumbers, welders, pipe fitters, steel fabricators and many more who for sometimes were not employed are now having a week pay to look-up. At its peak LKY was employing close to three hundred workers in the two projects pumping a large sum of money in the local economy. This was an indirect contribution of the construction firm in prime-pumping the local economy. The construction lessened the number of employment seekers at city hall.

The two projects are now the center piece of construction in the city. It’s because, Mayor Dioneda made a big difference and LKY of Wilbert Lee nurtured the big difference. BicolToday.com

Copyright 2012 BicolToday.com. All rights reserved.  Read BicolToday.com Syndication Policy.

Posted by on April 3, 2012. Filed under Bicol News,Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

One Response to Joint venture of LGU Sorsogon City with LKY Dev’t. Corp. to create 500 jobs

  1. Chris Baloloy Reply

    April 3, 2012 at 6:43 pm

    Im happy for Sorsogon and proud to be a Casiguranon and Sorsoganon!! can’t wait to get back home, its been 4 years now =(

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