2 firms submit offers for lease of 2-ha SCTEX service area

MANILA, Philippines - Two firms have submitted proposals for the lease of the two-hectare Macangcung service area along the Subic-Clark-Tarlac Expressway (SCTEX), the Bases Conversion and Development Authority (BCDA) said.

BCDA business development manager Arrey Perez said in a telephone interview that the two firms which submitted bids for the property are PTT Philippines Corp. and Northwalk Land Inc.

 â€œCurrently, we are evaluating the proposals. The tentative announcement of the winning bidder is second week of May,” he said.

The deadline for the submission of bids for the property was on April 4.

The Macangcung service area located at Brgy. Santiago, Concepcion in Tarlac being offered for bidding will be leased for 25 years and renewable for another 25 years.

The BCDA set the first four years of the lease a rent-free period.

On the fifth year, however, the minimum starting annual fixed lease for the property is at P3.5 million, inclusive of value-added tax and subject to an annual escalation of five percent.

Upon contract signing, the winning bidder shall remit to BCDA a security deposit, equivalent to the winning bid and post a surety bond with a face value of P7 million.

BCDA president and chief executive officer Arnel Paciano Casanova said earlier the winning bidder will be responsible for the establishment, operation and maintenance of a gasoline station with amenities such as rest rooms, parking slots, emergency first aid station, potable water and lighting system, emergency vehicle repair shop and convenience stores.