MANILA, Philippines - PTT Philippines Corp. (PTT) won the contract for the long-term lease and development of the SCTEX Macangcung Service Area.
In a statement, the Bases Conversion and Development Authority (BCDA) chairman Arnel Casanova said it has awarded the contract to PTT.
"We welcome PTT Philippines Corporation and expect them to accord the motorists plying the north bound section of SCTEX with better service as soon as the SCTEX Macangcung Service Area is operational,” Casanova said.
PTT's bid for the annual fixed lease starting on the fifth year amounted to P4.1 million, including 12% VAT, and subject to a five percent annual escalation.
The lease period for SCTEX Macangcung Service Area is 25 years and renewable for another twenty-five years.
PTT will build a gasoline station with amenities, such as rest rooms, parking slots, emergency first aid station, emergency vehicle repair shop and convenience stores.
The SCTEX Macangcung Service Area lot is located in Brgy. Santiago, Concepcion, Tarlac and at the Clark-bound/north-bound direction of the Clark-Tarlac segment.