Public-Private Partnership Center

Project Description

The PSIP Phase I -Package B project involves the design, financing and construction of about 2,885 one-storey and two-storey classrooms, including furniture and fixtures, in various sites in Region III.

Implementing Agency

Department of Education (DepEd)

Contractual Arrangement

Build-Lease-and-Transfer (BLT)

Region

• Region III - Central Luzon

Sector

Education

Estimated Project Cost During Approval

Php 5.28 Billion

Procurement Mode

Solicited

Contract Term

10 Years (Year varies per sub-project)

Implementation Mode

National

Private Proponent

Citicore Megawide Consortium Inc. (Citicore Holdings Investment, Inc. - Megawide Construction Corporation)

Status

2,885 classrooms completed and delivered on December 4, 2015.

First periodic maintenance works completed

Second periodic maintenance works: 99.71% of the sub-projects (2,870/2,877* classrooms) complete as of December 31, 2023.

Turnover of classrooms to DepEd: 12.17% (332/2,877* classrooms) of the sub-projects have been automatically turned over as of December 2023

*revised classroom count after subtracting the 8 excluded classrooms