Posted June 19th, 2012 by Maria
Bernadette Lunas
[ manilastandardtoday.com ]
The government will reopen the bidding
for the sprawling Food Terminal Inc. complex in Taguig City this month, after
years of delay and three failed auctions, the Privatization Management Office
announced Monday.
“We intend to publish the invitation
to bid notice by next week, at the latest,” PMO chief Karen Singson said in a
statement.
The government-owned FTI complex,
located 2.4 kilometers north of the Bicutan Interchanges, is a 103-hectare
agro-industrial hub that catered to more than 300 companies engaged in
different industries by providing industrial and commercial lots for medium- to
long-term leases.
Singson, however, said of the
103-hectare commercial estate, only 74 hectares would be opened for auction
with the remaining lots to be retained by the government for other purposes.
“The government will study its options
for the unprivatized special economic zone area located within the FTI Complex,
including the utilization of the same by the Department of Agriculture for
food-sufficiency projects,” Singson said.
(Published in the Manila Standard
Today newspaper on /2012/June/19)
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