INVITATION FOR JOINT VENTURE-TOURISM & HUB PROJECT


INVITATION FOR JOINT VENTURE

The LOCAL GOVERNMENT UNIT OF STA MAGDALENA, SORSOGON, through its Project Selection Team (PST), under the LGU-Public, Private Partnership for the People Scheme (LGU-P4), invites investors to apply to enter into a joint venture agreement:

Name of the Project: Business & Tourism Hub Project

Location: Barangay 2 & 3, Poblacion Sta. Magdalena, Sorsogon

Brief Description: Business and Tourism Hub, consisting of; Fishwraft, Wavebreakers, Mariculture/Playground, Reclamation, Market, & Integrated Transport terminal which shall have income from rentals, user’s fees and production in which the Joint Venture Partner shall undertake the completion of the aforementioned facilities which was already started and partially constructed by the LGU of Sta. Magdalena and provide for the initial operating costs for the first year of operations of the hub.

Approximate Cost to Complete

Plus First Year Operating Cost: PhP 52,000,000.00

Approximate Cost of Started Part of the Project: PhP 20,158,975.00

Estimated Time to Complete: Three Hundred Fifty (350) calendar days

Prospective investors must be a bonafide registered company in the Philippines which could also be affiliates of foreign-based group with provisions in their registration that they could enter into joint ventures. Bid to enter in a joint venture shall be based on meeting the completion of requirement and any additional resources to put into the joint venture at the shortest possible time while maintaining the 72%-partner and 28% -LGU equity participation.

The schedule of the activities is listed, as follows:

Activities – Schedule

1. Issuance of Bid Documents- Starting May 30, 2018

2. Pre-bid Conference - June 11, 2018, 1pm

3. Submission of the Opening of Bids – June 19, 2018, 1pm

Joint Venture documents will be available only to prospective bidder upon payment of a non-refundable amount of Ten Thousand Pesos (10,000.00) to the LGU Sta. Magdalena, Sorsogon Cashier. Interested bidders may obtain further information from the PST Secretariat, Municipal Building, Sta. Magdalena LGU, Sta. Magdalena, Sorsogon, contact 0918-6572703.

The LGU Sta. Magdalena, Sorsogon reserves the right to accept or reject any offer, to annul the selection process, and to reject all offers at any time prior the contact award, without thereby incurring any liability to the affected offeror(s).

Approved by:

(SGD)ANITA B. CORREA

PST Chairperson


6 views

economic

favourable climate for private investments, steady supply of goods and services and of jobs and household income

social

education, health, social welfare, children and youth, migration and overseas Filipinos, protective services, housing, sports and recreation

transportation and service facilities, infrastructure building program and the land acquisition required as right-of-way or easements of public facilities 

environment

maintaining cleanliness of air, water and land resources and rehabilitating or preserving the quality of natural resources

Infrastructure

 ON-GOING AND COMPLETED DEVELOPMENT PROGRAMS, PROJECTS AND ACTIVITIES                                                 

CONTACT INFORMATION

New Municipal Building, Poblacion 3,

Sta. Magdalena, Sorsogon, 4709

- Philippines

Telephone: NONE
Mobile 1: 0946158888509 
Mobile 2:  
Email: mpdc.lgustomag@gmail.com

@Copyright 2014 by MUNICIPALITY OF STA. MAGDALENA, SORSOGON.  All rights reserved. AintInner Eavenell