Public-Private Partnership Center

Overview

The City Government of Iloilo, with support from the PPP Center, is developing and will be launching the Iloilo City Central and Terminal Public Markets Project (the “Project”). The Project aims to redevelop the Central Public Market and Terminal Public Market and provide the City with a sustainable multi-use market complex that will boost business activities, as well as preserve the economic value of the Old Central Business District of Iloilo City.

As part of final stages of project development, the City is conducting this market sounding activity to solicit insights and feedback on the project terms from interested private sector investors. This activity will run from April 21 – 30, 2021 and is facilitated through an online form or one-on-one meeting with the PPP Center.

The objectives of the market sounding activity are as follows:

• Provide a brief background and envisioned scope of the Project to the potential private sector participants;
• Gauge the interest of the private sector to partner with the City for undertaking the Project as a PPP;
• Determine the level of interest, capability, and experience of the private sector (including lenders) to undertake the Project;
• Identify potential issues or problems that may affect the Project, particularly its viability;
• Obtain insights from the private sector, including the lenders, on how to make the Project more attractive and bankable; and
• Understand key considerations of the private sector regarding their potential involvement in the Project in partnership with the City.

For those interested to participate in the market sounding activity, please sign-up by clicking the Registration Form link below:

By signing up to participate, you will be able to receive a project information memorandum containing more details about the Project. It will also contain the market sounding questionnaire form to gather your insights and feedback. All information provided herein shall be kept private and confidential by the PPP Center and shall be used solely for legal purposes as mandated by the Data Privacy Act and other relevant laws.

Project Title: Iloilo City Central and Terminal Public Markets Project
Implementing Agency: City Government of Iloilo
Location: Iloilo City

Project Description

The Project involves the design, finance and construction of the mixed-use buildings of the Central and Terminal Public Markets, operation and maintenance of the commercial spaces, and maintenance of the whole facility for a period of 30 years, subject to the finalization of the business case.

Potential revenue sources for the private sector proponent may include rental fees from public market and commercial spaces, cargo-handling charges, vehicular docking charges, warehousing/cold storage rental charges, bulk hauling and terminal fees, and parking fees.

The Project’s indicative investment cost ranges from Php 2.9 to 3.6 billion.

Initial Concept Design of Central Public Market subject to finalization of the business case

Initial Concept Design of Terminal Public Market subject to finalization of the business case

Contact Information: