The five-hour fire that gutted Blocks 3 and 4 of the city public market last March 11 caused a total of P39.8 million worth of damage, according to the City Disaster and Risk Reduction Management Office.
CDRRMO Officer-in-Charge Antonette Anaban said the latest estimated damage to public and private properties was a result of the post-disaster assessment conducted by the local government.
She said the estimated damage cost to the structures including depreciation cost was set at P27M, the burned vehicle of the Public Order and Safety Division – P1.49M, damaged goods – P10.8M, damaged power lines – P72,000, and perimeter streetlights – P104,000 or a total P39.8M.
On the foregone losses that included the lost income of vendors and the revenue of the local government, Anaban said the same was estimated to be around P6.150M broken down into: P5.1M lost income of vendors computed at the daily rate of P400 multiplied by the number of affected vendors and P1.050M in terms of arrival fees collected by the local government.
Anaban said the city government also incurred unexpected expenses, particularly on the relocation of vendors amounting to P8M and logistical expenses amounting to P375,000 or a total of P8.375M.
In terms of food packs, the local government received around P3.556M from donors, particularly P2.091M worth of food packs from Sen. Sherwin Gatchalian; P700,000 worth of canned goods from Sen. Christopher Lawrence Go; P520,000 worth of rice packs from Sen. Robinhood Padilla; and P245,000 worth of rice bags from Vice President Sara Duterte.
For the Assistance to Individuals in Crisis Situation, P14.1M was distributed by the Department of Social Welfare and Development.
Some 350 recipients also received financial assistance from the government’s Sustainable Livelihood Program. – PIO release
May 2, 2024
