By Louella D. Desiderio (The
Philippine Star) | Updated June 11, 2015 - 12:00am
MANILA, Philippines - Sixteen firms
have expressed interest in the development of the 288-hectare lot in Clark
Green City by attending yesterday’s pre-bid conference.
BCDA president and chief executive
officer Arnel Paciano Casanova told reporters the firms present at the pre-bid conference and
interested to vie as BCDA partner were Ayala Land, Inc.; Century Properties,
Inc.; Daichi Properties, Inc.; ESCA
Inc.; Federal Land, Inc.; Filinvest Land, Inc.; First Philippine Industrial
Park; Hitachi Asia;
Jones Lang LaSalle, Inc.; Megaworld
Corp.; MGS Construction, Inc.; MTD Phils. Inc.; Nuevo Centro Inc.; ProdigyAE,
Inc.; Rockwell Land Corp.; and SUDECO.
“We are optimistic more firms will buy
the TOR (Terms of Reference),” Casanova said, noting Filinvest and Megaworld
have bought the documents for the previous auction.
He said the agency is also confident
the firms would proceed in submitting their respective bids with their queries
addressed during the pre-bid conference.
The BCDA is set to conduct a second
bidding to find a partner for the development of the 288-hectare lot in the
9,450-hectare Clark Green City within the Clark Special Economic Zone in the
province of Tarlac, Philippines.
The Clark Green City is envisioned to
be the country’s first smart, green and disaster-resilient metropolis.
The BCDA said the partner firm should
be a well-established corporation with
proven track record in the development, marketing, management and leasing of
large property mixed-use development.
The partnership would be in the form
of a Joint Venture Corporation (JVC), with 45 percent owned by BCDA and the
rest by the winning bidder.
The JVC would have full development and usufructuary rights over
the 288-hectare property, which could be converted to full land ownership if
and when the law so allows in the future, subject to mutual agreement of the
two parties.
The Joint Venture Agreement (JVA)
would be for a period of 50 years and renewable for another 50 years.
The minimum acceptable bid is set at
P160 million or approximately $3.6 million.
In April, the BCDA offered for bidding
the development of the 254-hectare portion of Clark Green City under a joint
venture.
As the property failed to attract bids
during the auction, the BCDA decided to revise the terms of the bidding by
widening the size of the lot offered, reducing the minimum bid price from P500
million, and dropping the earlier condition which required the winning bidder
to infuse P2.5 billion as initial paid up capital.
For this new auction, the deadline of
submission of bids is on July 3.
Casanova said the BCDA intends to sign
the JVA for the property on September 14. – Richmond Mercurio
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