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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
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