Project Description
The project involves the joint redevelopment of the PNOC and DOE BGC Properties, also known as Energy Center. It covers the 5,3-Hectare property owned by the developments. Highlighting sustainability, the PNOC and DOE situated in Bonifacio Global City Project will be geared towards sustainable (BGC) Taguig City.
The private proponent on their proposal offer to redevelop the property into a Mixed-used Township which will be comprised of office buildings, co-living spaces, residential condominiums, integrated retail spaces, and park and open spaces.
Project Objectives
The private proponent envisioned to feature a mixed-used development which will include office, retail, residential spaces such as condominium units, co-living spaces, and other developments. Highlighting sustainablity, the Project will be geared towards sustainable development and shall utilize modern construction techniques and shall make use of the socio-economic and environmental impact. Also, another key feature of the Project according to the Private Proponent is its unparalleled accessibility to all major transports such as the Uptown Bonifacio transportation hub, and Bonifacio Global City - Ortigas Link Bridge, among others.
Implementing Agency
Department of Energy
Contractual Arrangement
Joint Venture (JV)
Region
Sector
Property Development
Estimated Project Cost
Php 83.19 Billion
Development Cost
TBD
Procurement Mode
Unsolicited
Implementation Mode
National
Project Proponent
Megaworld Corporation
Status
Under evaluation by implementing agency
Remarks
The unsolicited proposal was endorsed to the Department of Energy (DOE) and Philippine National Oil Company (PNOC). the proposed implementing agencies for the project, on April 4, 2024 after being determined to be complete pursuant to Section 10 of the PPP Code.
On July 2, 2024, PPP Center received a letter from the Philippine National Oil Company (PNOC) that it is rejecting the unsolicited proposal./p>
