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Joint Venture Agreement for the Construction, Development, and Operation of a Department Store and Supermarket, Convention Center, Government Center, Hotel, and Terminal in Poblacion, Catbalogan City, Samar (Mixed Use Project)

Project Brief
Project Description

The project involves the construction, development, and operation of a 22,000 square meter mixed use property that houses (a) department store and Supermarket with one (1) movie theater and with leasable spaces; (b) Convention Center; (c) Government Center with Business Process Outsourcing (BPO) Center; (d) Transport Terminal; and (e) Hotel.

Implementing Agency

Provincial Government of Samar

Contractual Arrangement

Joint Venture (JV) Agreement

Region

  • Region VIII - Eastern Visayas

Sector

Property Development

Estimated Project Cost During Approval

Php 472.90 Million

Procurement Mode

Unsolicited

Contract Term

30 years

Implementation Mode

Local

Private Proponent

Metro Retail Stores Group, Inc. (MRSGI)

Status

Under construction.
Notice of Award was issued on February 11, 2019.