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Wednesday, July 15, 2015

Megawide, San Miguel prequalify for Regional Prison PPP project

San Miguel and Megawide will compete for the contract to build a huge prison outside the Philippine capital under the Aquino administration’s public-private partnership (PPP) scheme.

In a statement, the PPP Center said San Miguel Holdings Corporation (SMHC) and Mega Structure Consortium had passed muster with the Department of Justice (DOJ) and the Bureau of Corrections (BuCor).

A third potential bidder, DMCI Holdings Inc, failed to hurdle the prequalification stage.

The P50.2-billion Regional Prison Facilities Project involves the design, financing and construction of the modern prison facilities that will rise at Fort Magsaysay in Nueva Ecija. The winning bidder also will maintain the facility for 23 years, including the three-year construction period.

The new facility should accommodate 26,880 inmates, and apart from the detention area, should include staff housing, administrative buildings, areas for sports, work and religious activity.

The winning bidder will also install high-security equipment.

- Interaksyon

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