BCDA awards lease & dev’t of 2-ha SCTEx lot to Sea Oil

MANILA, Philippines - The Bases Conversion and Development Authority (BCDA) has awarded the lease and development of the two-hectare Concepcion service area along the Subic-Clark-Tarlac Expressway (SCTEx) to Sea Oil Philippines, Inc.

“We gave he notice of award to the lone complying bidder Sea Oil last week,” BCDA Asset Disposition Program Committee chairman Nena Radoc said in a telephone interview.

Radoc said Sea Oil submitted a proposal higher than the minimum acceptable starting annual fixed lease for the service area set by the BCDA at P2.240 million.

The BCDA expects to enter into the lease and development contract with the winning bidder next month.

The lot will be leased for 25 years, renewable for another 25 years upon agreement between the BCDA and the winning bidder.

Under the contract, a one-year grace period in the payment of the lease will be given to the winning bidder to allow it to put up the facilities in the service area such as gas station, restrooms, parking slots, emergency First Aid station, potable water and lighting system, emergency vehicle repair shop and convenience stores.

The lease is subject to annual escalation of five percent.

Upon contract signing, the winning bidder will have to pay the BCDA the lease for the first three years covering the second until the fourth year of the lease term.

As for the two-hectare Macangcung service area also located along SCTEX which did not receive bids during the auction conducted in September, Radoc said the BCDA is currently studying the feedback from firms which earlier expressed interest to develop the property.

She said the BCDA intends to revise the terms of reference to be able to conduct another bidding for the property.

“We will probably re-bid Macangcung early next year,” said Radoc.

She also said the BCDA expects to award the lease and development of the 5.2-hectare Pamayanang Diego Silang (PDS) commercial lot in Brgy. Usuan in Taguig City this week.

The proposal submitted by the lone bidder, a consortium of RII Builders, Inc. and MGS Construction, Inc., is still undergoing post-qualification evaluation.

The consortium submitted a bid of P70 million, well-above the P53 million minimum floor price set by the BCDA.

“Our target is to finish the post-qualification and award it (this) week,” Radoc said.