Baguio gov’t urges public: Let market dev’t proceed
>> Sunday, October 10, 2021
BAGUIO CITY -- The city
government urged the public to allow the ongoing negotiation process between
the local government and private proponent for the public market development to
proceed and be realized.
Mayor Benjamin B. Magalong said he will address the situation when he sees that the proposed development of the public market will not do good for the city, then will call off the same.
But he said with the way things are going in the negotiation process, there was no compelling reason for him to forego the project.
He said the public needed to understand his decision to allow the process to proceed.
At present, members of the city’s Public-Private Partnership for the People – Selection Committee (P4-SC) are negotiating with their counterparts from SM Prime Holdings, which was earlier given the Original Proponent Status (OPS) for the project and crafting of final terms of reference of the proposed public market development.
Under the city’s P4 ordinance which prescribed the guidelines in implementation of the public-private partnership scheme, there are 19 steps that shall be undertaken by the P3-SC prior to the determination of the private partner that will implement the desired project that will be undertaken through the said mode.
After the final terms of reference of the project shall had been crafted, the same shall be subjected to the Swiss Challenge where other interested developers will be given a chance to submit much better proposals compared to the one presented by the company that was given the OPS for evaluation and assessment by the P4-SC.
The project will later be awarded to the winning developer to start and finish the project.
Earlier, the city government set 34 terms which is now the subject of the ongoing negotiations with the negotiation team from SM Prime Holdings for both parties to agree on the final terms that will be published and will be the subject of the Swiss Challenge.
Based on the initial plans of the project, the winning proponent will be constructing a 5-story structure with two levels of basement parking within the 3-hectare area that had been identified by the city as the site where the public market will be constructed.
The first two floors of the structure will be owned and managed by the local government while the remaining floors and basement parking will be managed and operated by the selected developer.
The 34 terms previously identified by the city are the more contentious provisions of the terms of reference that need to be agreed upon by both parties before the same will be offered for other proponents that had signified their intention to participate in the Seiss challenge that could probably happen anytime soon.
The P4-SC awarded the OPS to SM Prime Holdings upon the recommendation of a technical committee that was created to study the previous findings of the committee on the proposals of two proponents that signified their intention to participate in the public-private partnership process pursuant to the city’s P4 ordinance. -- Dexter A. See
Mayor Benjamin B. Magalong said he will address the situation when he sees that the proposed development of the public market will not do good for the city, then will call off the same.
But he said with the way things are going in the negotiation process, there was no compelling reason for him to forego the project.
He said the public needed to understand his decision to allow the process to proceed.
At present, members of the city’s Public-Private Partnership for the People – Selection Committee (P4-SC) are negotiating with their counterparts from SM Prime Holdings, which was earlier given the Original Proponent Status (OPS) for the project and crafting of final terms of reference of the proposed public market development.
Under the city’s P4 ordinance which prescribed the guidelines in implementation of the public-private partnership scheme, there are 19 steps that shall be undertaken by the P3-SC prior to the determination of the private partner that will implement the desired project that will be undertaken through the said mode.
After the final terms of reference of the project shall had been crafted, the same shall be subjected to the Swiss Challenge where other interested developers will be given a chance to submit much better proposals compared to the one presented by the company that was given the OPS for evaluation and assessment by the P4-SC.
The project will later be awarded to the winning developer to start and finish the project.
Earlier, the city government set 34 terms which is now the subject of the ongoing negotiations with the negotiation team from SM Prime Holdings for both parties to agree on the final terms that will be published and will be the subject of the Swiss Challenge.
Based on the initial plans of the project, the winning proponent will be constructing a 5-story structure with two levels of basement parking within the 3-hectare area that had been identified by the city as the site where the public market will be constructed.
The first two floors of the structure will be owned and managed by the local government while the remaining floors and basement parking will be managed and operated by the selected developer.
The 34 terms previously identified by the city are the more contentious provisions of the terms of reference that need to be agreed upon by both parties before the same will be offered for other proponents that had signified their intention to participate in the Seiss challenge that could probably happen anytime soon.
The P4-SC awarded the OPS to SM Prime Holdings upon the recommendation of a technical committee that was created to study the previous findings of the committee on the proposals of two proponents that signified their intention to participate in the public-private partnership process pursuant to the city’s P4 ordinance. -- Dexter A. See
0 comments:
Post a Comment