MANILA, Philippines - The Bases Conversion and Development Authority (BCDA) is once again bidding out a two-hectare lot for a service area along Subic-Clark-Tarlac Expressway (SCTEX).
BCDA President Arnel Paciano D. Casanova said interested bidders are invited to bid for the long-term lease and development of the SCTEX Macangcung Service Area.
Last year, the BCDA failed to attract any bidders for the Macangcung Service Area is located in Brgy. Santiago, Concepcion, Tarlac, at the Clark-bound/north-bound direction of the Clark-Tarlac segment.
"We are looking for a partner to develop the SCTEX Macangcung Service Area that is seen to benefit the motorists plying the SCTEX." he said.
The development of the property involves the establishment, operation and maintenance of a gasoline station with amenities such as rest rooms, sufficient and adequate parking slots, emergency First Aid station, potable water and lighting system, emergency vehicle repair shop and convenience stores.
The lease term of the lot is twenty-five years, renewable for another 25 years.
To attract more bidders, the BCDA said there will be a rent-free period from the first to fourth year of the lease period. The minimum starting annual fixed lease would be P3.5 million, starting on the fifth year and subject to a five percent annual escalation.
Upon contract signing, the winning bidder shall remit to BCDA a Security Deposit equivalent to the winning bid and shall post a Surety Bond with a face value of P7 million.
Interested bidders could purchase the Terms of Reference (TOR) for a non-refundable fee of P50,000 until March 7 at BCDA Corporate Center in Bonifacio Global City.
A Pre-Bid Conference would be held on March 7, 2014.