Coconut Palace set for turnover as OVP official residence

February 10, 2011 11:52 am 

MANILA, Feb. 9 — The Coconut Palace by the Manila Bay will be turned over by the Government Service Insurance System (GSIS) to the Office of the Vice President (OVP) in ceremonies at the compound on Friday morning, it was announced Wednesday.

Vice President Jejomar Binay will lead the official turnover with GSIS President Roberto Vergara.

The contract for the turnover will be signed on Friday.

The Vice President and Vergara will tour the state pension fund agency’s museum at the building.

It will be the first time in many presidencies that the OVP will have its own exclusive residence.

Late last year, Binay announced their transfer to the historied Coconut Palace, to give the OVP the dignity it deserves.

Present plans include Binay holding offices at the ground floor, with the second floor remaining as a mini-museum.

The OVP's administrative section will remain at its present location at the PNB Building near Roxas Boulevard. (PNA)

LAP/LAM/GJB

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