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Govt reopens FTI auction

Posted June 19th, 2012 by Maria Bernadette Lunas
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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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