LINGAYEN, Pangasinan, Sept 21 (PIA) — A three-storey administration building of the Pangasinan State University (PSU) will soon rise in its main campus in Lingayen town with internally sourced funding.
In the ground-breaking ceremony at the PSU, Tuesday, university President Victoriano Estira said the building will house the administration offices including those of the offices of university president and vice-presidents and the accounting office.
The first floor will serve as an economic area where 18 stalls will be up for bid for interested entrepreneurs.
He pointed out the two schemes of the project, which are to generate income for the school and provide venue for students and employees to eat, shop, and relax.
The P50-million project will be funded by the school with no outside help, he said.
“This site will soon be an economic area which will benefit the more than 7,000 students of the university and the adjacent high school with a population of 5,000,” Estira said.
Estira told the Philippine Information Agency that aside from food stalls, internet cafes and various stores, banking institutions like LandBank of the Philippines and the Philippine National Bank are contemplating on putting up their ATM machines in the area.
He said upon completion of the building, PSU will immediately earn income as winning bidders will pay the rights to the stalls. From the start of the business operations, stall owners would be paying the school with the monthly rentals.
Dr. Lydia Buduhan, vice-president for planning and research, called the project a “dream come true.”
“There’s this feeling of excitement and fulfillment of a dream that we conceptualized a long time ago,” she said.
Buduhan said it was their dream to put up something that would respond to the needs of the university.
“PSU is one big school with a big population and people outside are earning from the school. Since one of the functions of the school is production, we might as well use our idle space to provide services and at the same time generate income for the university,” Buduhan explained.
This endeavor would be replicated in PSU’s Urdaneta City campus, she added.
The structure, to be constructed by Engr. Tommy Velasco and his company, is set for completion by March or April next year. (ANL/VHS-PIA 1, Pangasinan)