DepEd, private partners completed 1st PPP school project

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The Department of Education (DepEd) and its private partners have completed the Public-Private Partnership (PPP) for School Infrastructure Project (PSIP) Phase I. Last December 04, 2015, the 9, 296 classrooms were already constructed and delivered in three (3) regions: Region I, III and IV-A. This is the first PPP project of the said agency.

The PSIP Phase I involved the design, financing and construction of about 9,296 one-storey and two-storey classrooms, including furniture and fixtures. The project aims to supplement the current program of DepEd in reducing classroom backlog. Over 400,000 students are expected to benefit from this PPP project.

The project was procured through a competitive two-stage public bidding process in accordance with R.A. 6957 as amended by R.A.7718 or the Philippine BOT Law and its Implementing Rules and Regulations. During the bidding of the PSIP Phase I project, it attracted 18 prospective bidders, 6 were prequalified and the project was awarded to two bidders. The government signed a concession agreement with the private partners (Bright Future Educational Facilities, Inc. and Citicore Holdings Investment, Inc.-Megawide Construction Corporation) last October 08, 2012. Before the signing, in September 04, 2012, the project’s notice of award was issued to the private partners.

Meanwhile, for the Phase II of the PPP for School Infrastructure Project, there are already 1,690 completed and delivered classrooms as of October 31, 2015. This PPP project will benefit the following regions: Cordillera Administrative Region, Region I, II, III, X, and XIII.