Monday, March 24, 2014

SCTEx lot attracts seven bidders

SEVEN firms have expressed interest in bidding for the lease and construction of a planned service station along the Subic-Clark-Tarlac Expressway (SCTEx).

The state-owned Bases and Conversion Development Authority (BCDA) is auctioning off again the two-hectare Macangcung Service Area along the northbound side of the 94-kilometer SCTEx in Barangay Santiago, Concepcion, Tarlac.

“We look forward to the eventual submission of bids by these firms when the BCDA undertakes the public bidding for the SCTEX Service Area,” BCDA President and Chief Executive Officer Arnel Paciano D. Casanova said in a press statement.

Mr. Casanova said the interested groups at the March 7 pre-bid conference were Double Dragon Properties Corp.; LBC Express Business Solutions/Development; Manila North Tollways Corp.; Northern Star Energy and Fuel Distribution Corp.; Northwalk Land, Inc.; PTT Philippines Corp.; and Seaoil Philippines, Inc.

The winning bidder will construct and operate the service area, which must have a gasoline station and parking area along with restrooms, a first aid station, an emergency vehicle repair shop, and convenience stores.

Potential bidders can buy the Terms of Reference (ToR) for a non-refundable fee of P50,000, paid through manager’s check, from the BCDA before April 2, according to BCDA Asset Disposition Program Committee Chairwoman Nena D. Radoc.

Bidders must submit their eligibility documents and final proposals before 12:00 p.m. on April 4.

Upon contract signing, the winning firm will give the BCDA a security deposit matching their proposed budget and a Surety Bond with a face value of P7 million.

Ms. Radoc added that while the first four years of the lease are rent-free, the concessionaire will pay rent of at least P3.5 million in the fifth year, increasing by 5% every year thereafter. -- Anton Joshua M. Santos
 
source:  Businessworld 

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