The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) Board approved and published the TIEZA Joint Venture (JV) Guidelines, which will allow and encourage private sector participation in the development, operation, management and/or disposition of its properties and facilities, whether owned, administered, or controlled.
The TIEZA JV Guidelines will also help in accelerating the development of its facilities and services, contributing to tourism infrastructure developments, establish Tourism Enterprise Zones (TEZs), and undertake other future tourism-related projects.
Under the Guidelines, the JV partners will be selected either through a competitive selection or through a negotiated competitive challenge. The prospective investors may respond to a solicited proposal initiated by TIEZA or submit their own unsolicited proposal which offers the “best and most innovative” solution or plan to develop and manage a property/facility currently managed/owned or controlled by TIEZA.
The issuance of the TIEZA Joint Venture Guidelines is also in line with the partnership between TIEZA and the PPP Center, which was sealed through a Memorandum of Agreement on November 20, 2018, formalizing the collaboration and technical assistance on PPPs to be provided by the Center. Pursuant to this collaboration, the PPP Center conducted capacity building workshops for TIEZA officers to aid in the development of JV projects of TIEZA.
A copy of the TIEZA Joint Venture Guidelines may be viewed or downloaded on the Other Pertinent Laws and Issuances of the PPP Center website under the “Other Issuances” tab.
Reference: Tourism Infrastructure and Enterprise Zone Authority (TIEZA) press release titled “TIEZA eyes to form joint venture agreements with private sector” and dated September 27, 2019.