MANILA, Philippines - Several companies are interested in the bidding for the long-term lease of a service area along the Subic-Clark-Tarlac Expressway (SCTEX).
In a statement, Bases Conversion and Development Authority (BCDA) president and CEO Arnel Casanova identified the companies that attended a pre-bid conference for the SCTEX Macangcung Area project last March 7.
These were Manila North Tollways Corp., Double Dragon Properties, LBC Express Business Solutions/ Development, Northern Star Energy, Northwalk Land Inc., PTT Philippines and Seaoil Philippines.
"We look forward to the eventual submission of bids by these firms when the BCDA undertakes the public bidding for the SCTEX Service Area," he said in a statement.
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.
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 25 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.
Nena Radoc, BCDA chairperson of the Asset Disposition Program Committee, said interested parties may still buy the Terms of Reference until April 2, 2014, the new deadline for purchase of TOR.
The deadline for the submission of the eligibility documents and final proposal by bidders is on April 4, 2014 at 12 p.m.