State-run Bases Conversion and Development Authority (BCDA) is set to bid out long-term lease contracts covering two proposed service areas along the Subic-Clark-Tarlac Expressway (SCTEX).
The development of these services areas is expected to “enhance the convenience of motorists plying the 94-kilometer toll road,” said BCDA President Arnel Paciano D. Casanova in a statement issued Friday.
The two service areas are the Concepcion Service Area and the Macangcung Service Area, both in Barangay Santiago, Concepcion, Tarlac.
The Concepcion Service Area is at the Clark-bound/south-bound direction of the Clark-Tarlac segment while the Macangcung Service Area is at the Clark-bound/north-bound direction.
According to Casanova, the winning bidder will have to put up the prescribed facilities and amenities of a service area, including a gasoline station, rest rooms, sufficient and adequate parking slots, emergency first aid station, potable water and lighting system, emergency vehicle repair shop and convenience stores.
Casanova added that interested bidders could opt to bid for both lots or just one, the lease term for each will last for 25 years, renewable for another 25 years upon mutual agreement of the BCDA and the winning bidder.
Nena D. Radoc, chair of the Asset Disposition Program Committee, noted that the minimum acceptable starting annual fixed lease for each service area would be P2.245 million, effective only on the second year and which will be subject to an annual escalation of 5 percent.
Upon contract signing, the winning bidder should pay BCDA the fixed lease for the three years covering years two to four of the lease term.
Starting on the fifth year of lease, the lease amount shall be the higher of either the fixed lease, as adjusted based on 5 percent escalation rate a year, or share in the revenues of the lessee from its operations and sub-lessees’ revenues, equivalent to 2.5 percent of net sales plus 0.15 percent share of net sales of petroleum products and lubricants.
Interested bidders could purchase the Terms of Reference (TOR) up to Aug. 19 at the BCDA office in Bonifacio Global City, Taguig City.
A pre-bid conference will be held on Aug. 20 to give prospective investors a chance to discuss the bidding process and the planned development.