Megaworld, a 72 hectare land in Iloilo known as the Iloilo Business Park [IBP] becomes an offical home of Bike Festival until 2024. This is made possible after the signing of Megaworld and Iloilo government the Memorandum of Agreement [MOA] to formalized the partnership.
The Memorandum of Agreement was signed by Senior Vice President Jericho P. Go and Iloilo City mayor Jed Patrcik E. Mabilog. This project primarily promotes health lifestyle, road-sharing as emerging bike lanes and public safety practices in Iloilo.
"The partnership solidifies the very purpose of this festival which is to gather the Ilonggo community and show is commitment to healthy and sustainable living. We fully support Iloilo's bid to become the bike capital of the Philippines as we also build our bike lanes in Iloilo Business Park." says Go.
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| Signing of Memorandum of Agreement [MOA] Senior Vice President Jericho P. Go at the left and Iloilo City Mayor Jed Patrick E. Mabilog at the right. |
Environment Friendly Township
Eco-friendly, sustainable township, is what Iloilo Business Park offers and wants future residents, BPO workers and Mall goers to see it rising.
"The very essence of township living is allowing convenient access to everyone to walk from one place to another or use bikes around the township, lessening carbon footprint," adds Go.
The Palladium, a 22-storey residential tower with green features of multi-level sky gardens. It is the first in Western Visayas. It is envisioned to be the region's tallest residential condominium once completed.
Head of marketing, Iloilo Business Park Jennifer Palamers-Fong said, "We are very excited about The Palladium because our residents will be able to experience sky garden living that allows them to commune with nature without going out of the building."
Iloilo Business Park [IBP] as a Business and Tourism Hub
The Old Iloilo Airport in Manduriao District is now the Iloilo Business Park's biggest business and tourism hub.
Megaworld has allotted P35 billion for the development of the township in the next 10 years, making it the company's biggest single investment outside Metro Manila. IBP will be home to luxury residential condominiums, state-of-the-art business process outsourcing [BPO] office towers, a Mega World Center Mall, a 1.1 kilometer Festive Walk Commercial and retail strip, open parks, transport hub, first class hotels and the Iloilo City Convention Center.
Megaworld and Iloilo City Join forces to promote health living, and sustainable township.