A Novel Way of Financing 


Local Development Projects 


of The City of Alaminos, Philippines

Home of the Hundred Islands
  Colayco Foundation for Education &
The City of Alaminos, Pangasinan
  Alaminos Infrastructure Bonds
(AIBs) or Alaminos Growth Bonds
(AGBs) and Alaminos Delopment
Corporation (ADC)
  C-Financials
  Proposed Structure
  Next Steps
Colayco Foundation for Education 


The City of Alaminos, Pangasinan

The Colayco Foundation for
Education (CFE) is a non-stock
non-profit organization dedicated
to actively promoting “financial
literacy” for the average income
earners, overseas Filipino workers,
and students.
Our objective is to fill-in the dearth
of public financial information,
reach out to a bigger audience and
spread the good news that
financial independence is within
everyone’s reach. This is our own
little way of contributing to
nation-building.
CFE is a publisher of books on
personal finance. These bestseller
books are authored by CFE Founder
and Chairman, Francisco J. Colayco.
These publications serve as a guide
for every Filipino on how to save
and grow their savings.
CFE embarked on publishing DVDs on
the same subject matter.
From the beginning of our mission in 2003,
we have conducted over 300 seminars and
workshops for government agencies and
financial institutions, the armed services,
trade and professional associations,
business clubs, community groups,
academic institutions, and top
corporations in service, product and
manufacturing industries.
For overseas Filipino workers in the Far East,
Middle East and Europe, we conduct
regular seminars in partnership with
private financial institutions, the Overseas
Workers Welfare, Philippine embassies and
workers’ associations.
We provide our audience ways to manage
their personal finances effectively by
planning, wise spending, saving and
investing.
The City of Alaminos, Pangasinan is
the center for trade, commerce and
education in Western Pangasinan.
Although it is a young city, it has
been identified as one of the growth
centers in 

Region I. Home to the world-

famous Hundred 

Islands National

Park, Alaminos 

has a wonderful

opportunity to

further its 

development by 

expanding tourism,

trade and commerce.
The Alaminos city government headed by
Mayor Hernani Braganza envisions
Alaminos to be “a peaceful city, [with] well
educated, healthy and God-centered
citizens, sharing fully in a development,
propelled by a competitive local economy
anchored on ecotourism, agriculture,
commerce and light industry, [and to
serve] as the vibrant hub of Western
Pangasinan and as a living showcase of a
family oriented, environmentally-sensitive
growth with equity.”
A step towards achieving this vision is the
creation of development projects with
mechanisms that encourage active
participation from Alaminos locals. The
city government currently has three
priority projects for which funding has
been earmarked. These enhancements to
the city’s infrastructure are sure to benefit
Alaminians.
Transport and trade go hand in hand. With
a good transport system, trade and
commerce is sure to be enhanced. A
main project of the city government is a
terminal-market intended to be a hub of
people and goods. The terminal will
cater primarily to provincial buses. It will
connect travelers to the various local
transportation options in Alaminos.
On the other hand, the market will
showcase wares not only from Alaminos
but also from Western Pangasinan, thus
there will be many more goods available
to buyers. Having the market side by
side the terminal is also a way to keep
transport costs down. Goods can
therefore be bought potentially cheaper,
than if the market were in another
location. In addition with the terminal
attached, buying from the market will be
convenient for both residents and
travelers.
Public health is another important area
of concern. The city government
would like to establish a hospital to
cater to Alaminians. This hospital is
envisioned to provide low-cost high-
quality healthcare. With the new
hospital and dedicated medical
practitioners, more patients can be
accommodated in the whole of
Alaminos whether for planned or
emergency health needs. In this way,
the city government safeguards its
greatest resource-its people. A
healthy Alaminian is a productive
Alaminian. In the future, the hope is
that this hospital will be a primary
destination for healthcare in the
whole of Western Pangasinan.
The education of young Alaminians is a
top priority. The city government
would like to establish a respectable
tertiary education institution that
offers high quality education and
formation at affordable prices. The
university will educate and train
Alaminians in their chosen fields as
well as in their responsibilities as
citizens. It will also promote research
which could be useful for the
development of Alaminos. The
university is envisioned to be the
primary destination for tertiary
education in Western Pangasinan.
With well-educated residents of
Alaminos, the city government is
ensuring the city’s progress and
influence in the province for years to
come.
In line with Investment Promotion,
Point 8 of the City’s 10 Point
Agenda, these projects are
potential avenues for growing
wealth and private sector
participation. The city
government would like to use
this opportunity to promote and
provide alternative saving and
investment vehicles to the
citizens of Alaminos.
Alaminos Infrastructure Bonds (AIBs) 

or Alaminos Growth Bonds (AGBs) 

and Alaminos Development Corporation
(ADC)
The Alaminos Infrastructure Bonds

(AIBs) or the Alaminos Growth 

Bonds (AGBs) is an investment 

instrument conceptualized by the 

local government of Alaminos. These

instruments will be sold directly to the
local inhabitants of Alaminos on a
retail basis in units of P50,000.00 (or
in lots of P100,000.00).
In this way, if a project requires a total
funding cost of P200,000,000.00, then
4,000 units (or 2,000 units) will be
sold. Through the purchase of this
unit, the citizens of Alaminos can
exercise their civic duties at the same
time the success of this novel financing
instrument as well of the development
projects will be an additional source of
local pride.
A pre-requisite to this instrument is the
establishment of the Alaminos
Development Corporation (ADC), a
corporate entity that may be into but
not limited to development, project
management, and arranger.

The ADC will serve as the main

proponent for development projects.

The ADC will focus on the design and

development of projects that will be of
great benefit to Alaminos. 


The ADC will identify a local bank to

handle the actual implementation of
the fund raising – instrument issuance,
administration, record-keeping,
regular repayment, and the like.
C-Financials
C FINANCIALS, a financial advisory
company headed by Francisco J.
Colayco, is pleased to offer its
services to the local government
of Alaminos. The principals of C
FINANCIALS have a combined
100 years experience in the area
of investment. As such, C
FINANCIALS is an excellent
partner in conceptualizing,
managing and implementing this
initiative.
C FINANCIALS is ready to design
the AIBs/AGBs to suit the needs
and personality of Alaminos.
Proposed Structure
 Alaminos Development Corp. (ADC)

Development | Project Management | Arranger

Terminal + Hospital + University =

PhP200M 

1. Equity-owners

Participation Certificates  Dividends

2. Lenders

AIBs / AGBs  5% to 8% Interest

3. Part-owner, part-lender
Next Steps
1.  Working Committee

The working committee is tasked to determine
the best course of action in pursuing the proposed
projects. It will commission a reputable research
firm to do feasibility studies. Based on the findings
they will draft a proposal of the project to be
presented to stakeholders. The working committee
is composed of representatives from the local
government and independent consultants.
The establishment of the working committee
will formalize the engagement between C-
Finacials/Colayco Foundation and LGU-City of
Alaminos.
1.  Feasibility Studies

A reputable research firm will be commissioned
to do feasibility studies on the three projects –
terminal-market, hospital and university.  The
study will determine the economic viability of the
projects. It will determine the potentials and
challenges of each project, its technical and
organizational requirements and it will provide a
financial overview. Thoroughly analyzing the
proposed business, operations and financial
models, is a necessary step in maximizing the
success of the projects.
3.  Presentation to Top Stakeholders / Community /
Select Group (Cooperatives, LGUs, Chambers of
Commerce)

In any development project it is important to
include the stakeholders and target beneficiaries in
the various stages of the project. Their
participation will engender in them a sense of local
pride and nationalism, valuable in building
community and sustaining development in the long
run.

Top stakeholders such as the various LGUs,
chambers of commerce, cooperatives,
representatives from major sectors, etc. will be
convened. The working committee will then
present the projects and its plans to the assembly
in order to get their support, participation and
feedback. 


4.  Establishment of ADC


Serving as the main proponent of development
projects in Alaminos, the ADC will focus on the
design and development of projects that will be of
great benefit to Alaminos.
 The ADC will also be responsible for managing
development projects from its conception and
execution through to its evaluation stages. Lastly,
the ADC will make the necessary arrangements to
carry out the novel model proposed for financing
development projects. The ADC, through a local
bank will take charge of the fund raising –
instrument issuance, administration, record-
keeping, regular repayment, and the like. 


5.  Seminar Roadshows


To complement the LGU’s efforts at promoting
citizen participation through the financing of
development projects, the Colayco Foundation for
Education will be conducting financial literacy
seminars in Alaminos. Learning personal financial
management is one of the best ways of creating
and enhancing Alaminian’s saving culture. The
goal of these seminars is to create awareness and
motivate personal change in ones personal
finances and its management and to introduce
opportunities for investment in Alaminos.