The proposed project will redevelop the 2.6 hectare Tanauan City public market into a commercial mall complex with wet and dry market spaces. The four-story building will have 278 leasable commercial spaces and 774 stalls. It will include parking, a tricycle terminal, and UV express terminal. The project aims to support local entrepreneurs and small businesses to generate additional revenue for Tanauan City. The estimated cost is 400 million pesos and will be implemented under a 25-year DBOT agreement. The Regional Development Council endorsed the project to the NEDA board contingent on viability analyses.
The proposed project will redevelop the 2.6 hectare Tanauan City public market into a commercial mall complex with wet and dry market spaces. The four-story building will have 278 leasable commercial spaces and 774 stalls. It will include parking, a tricycle terminal, and UV express terminal. The project aims to support local entrepreneurs and small businesses to generate additional revenue for Tanauan City. The estimated cost is 400 million pesos and will be implemented under a 25-year DBOT agreement. The Regional Development Council endorsed the project to the NEDA board contingent on viability analyses.
The proposed project will redevelop the 2.6 hectare Tanauan City public market into a commercial mall complex with wet and dry market spaces. The four-story building will have 278 leasable commercial spaces and 774 stalls. It will include parking, a tricycle terminal, and UV express terminal. The project aims to support local entrepreneurs and small businesses to generate additional revenue for Tanauan City. The estimated cost is 400 million pesos and will be implemented under a 25-year DBOT agreement. The Regional Development Council endorsed the project to the NEDA board contingent on viability analyses.
The proposed project will redevelop the 2.6 hectare Tanauan City public market into a commercial mall complex with wet and dry market spaces. The four-story building will have 278 leasable commercial spaces and 774 stalls. It will include parking, a tricycle terminal, and UV express terminal. The project aims to support local entrepreneurs and small businesses to generate additional revenue for Tanauan City. The estimated cost is 400 million pesos and will be implemented under a 25-year DBOT agreement. The Regional Development Council endorsed the project to the NEDA board contingent on viability analyses.
The proposed redevelopment of the Tanauan City public market into a commercial mall with a wet and dry market component will be located on the 2.6 hectare City-owned property strategically located along A. Mabini Avenue. There will be a four-storey fully air conditioned commercial building with 278 leasable spaces of various sizes and six slots for automated teller machines. The wet and dry market component shall have 774 stalls for various merchandises. There will be 296 parking slots for various types of vehicles including delivery trucks and vans as well as a 72-slot tricycle termi nal and an 80-slot UV Express Terminal. It shall be a gender-sensitive and child- friendly edifice. Recreational and amusement facilities are also considered as additional amenities.
Objective:
The proposed project primarily aims to support local entrepreneurs and encourage them to venture into small businesses in the food, services and trade industries by locating inside the new commercial facility and public market, thereby generating additional revenues for Tanauan City, with hundreds of establishments envisioned to locate within the new complex.
Cost and Financing:
The estimated project cost is PhP400 million. The project will be implemented under the Design- Build-Operate-Transfer (DBOT) under RA 7718 or the BOT Law.
Implementation Period:
The concession/cooperation period shall be for 25 years including the construction period of one year. The construction phase starts within forty (40) days after receipt of LGU’s approval of design and detailed lay-outs. The construction period is 360 calendar days after receipt of LGU’s approval of design and detailed lay-outs.
Status:
Endorsed by the RDC Full Council to the NEDA Board-ICC subject to the results of the viability analyses being conducted by the PPP Center and endorsed for inclusion to the Calabarzon RDIP 2011-2016 through RDC Resolution No. IV-A-12-2014 dated 26 June.
