The Department of Education (DepEd) and its private partners have completed the Public-Private Partnership (PPP) for School Infrastructure Project (PSIP) Phase I.
As of December 4 the 9,296 classrooms were already constructed and delivered in three regions, Region 1, 3 and 4A. This is the first PPP project of the said agency.
The PSIP Phase I involved the design, financing and construction of about 9,296 one-story and two-story classrooms, including furniture and fixtures. The project aims to supplement the current program of the DepEd in reducing classroom backlog. Over 400,000 students are expected to benefit from this PPP project.
The project was procured through a competitive two-stage public bidding process in accordance with Republic Act (RA) 6957 as amended by RA 7718, or the Philippine BOT Law and its implementing rules and regulations. During the bidding of the PSIP Phase I project, it attracted 18 prospective bidders, six were prequalified and the project was awarded to two bidders. PNA
The government signed a concession agreement with the private partners (Bright Future Educational Facilities Inc. and Citicore Holdings Investment Inc.-Megawide Construction Corp.) last October 08, 2012. Before the signing, on September 4, 2012, the project’s notice of award was issued to the private partners.
06 January 2016
By Philippine News Agency