Private investors keen on developing BCDA properties
Posted: August 17, 2012 | Category: Investment And Projects
Eighteen (18) proponents have expressed interest in developing the three properties subject of on-going public bidding by the Bases Conversion and Development Authority (BCDA).
The properties comprise the 1,224-square meter (sqm) Sampaguita East Ramp Lot along C-5 in front of Market! Market!, the 3,099-sqm Eastgate Parking Facility in the institutional area of the Bonifacio Global City, and the 5,389-sqm Nichols Loop, and the 5,005-sqm portion of the Villamor Driving Range.
BCDA president and chief executive officer Atty. Arnel Paciano Casanova said that the development of these properties would generate the much-needed revenues for the government, particularly for the modernization program of the Armed Forces of the Philippines.
“In addition, the development of these properties would also bring in more businesses and provide employment to hundreds of Filipino workers,” Casanova said, adding that “the government’s partnership with private firms has indeed been key in helping propel our economy forward.”
He said: “The partnership between the government and the private sector has seen the Philippines move from being a third-world country, to a developing country, and now it is classified as a newly-industrialized country. Through the government’s public-private partnership (PPP) program, we may even see the Philippines as a developed country in the coming years.”
Casanova revealed that there are already eighteen (18) proponents who have expressed interest in developing the three properties that are up for auction.
Ten (10) proponents have expressed interest in developing the Sampaguita East Ramp, five (5) proponents are interested in the Eastgate property, while three (3) are bidding for the Nichols Loop and Villamor Driving Range.
The Nichols property, valued at P89.59 million, is an ideal place to put up institutional, educational, recreational and/or cultural facilities.
The Sampaguita East Ramp has a minimum bid price of P28.76 million and can be developed for residential with support commercial and institutional uses.
The Eastgate property has a value of P122.41 million, and can be developed for utility and/or parking facility.
Bids should be submitted on the following dates: August 22 for the Nichols property, August 23 for the Eastgate parking facility, and August 24 for the Sampaguita property.