Public-Private Partnership Center

Implementing Agency

Department of Education (DepEd)

Project Description

The PSIP Phase I – Package A project involves the design, financing and construction of about 2,156 one-storey and two-storey classrooms, including furniture and fixtures, in various sites in Region I.

Estimated Project Cost During Approval

Php 3.4459 Billion

Procurement Mode

Solicited

Contractual Scheme

Build-Lease-and-Transfer (BLT)

Contract Term

10 Years (Year varies per sub-project)

Implementation Mode

National

Region

• REGION I - ILOCOS

Sector

Education

Private Proponents

Bright Future Educational Facilities, Inc. (BF Corporation-Riverbanks Development Corporation)

Status

2,156 classrooms completed and delivered on December 4, 2015.
First periodic maintenance works completed.
Second periodic maintenance works: 99.73% of the sub-projects (2,132/2,148* classrooms) complete as of December 31, 2023.

Turnover of classrooms to DepEd: 58.93% (926/2,148* classrooms) of the sub-projects have been automatically turned over as of December 2023.

*revised classroom count after subtracting the 8 excluded classrooms