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THE
Philippines continues efforts to sell to prospective
bidders the right to develop under a 50-year lease its
property in Fujimi, Chiyoda-du,
Tokyo, by advertising the availability of the terms of
reference.
Finance Secretary Gary Teves said
privatizing the prime property would help the government
raise revenues to finance vital infrastructure and
social services, leading critics to note the “fire sale
of state assets” continues due to the government’s
continuing lack of funds.
At the same time, Teves addressed the
reported award of the property to a developer. “We would
also like to stress that the [right to develop the]
property has not been awarded to any party and that any
representation to the contrary is false.”
Teves said they have learned there has
been a forgery attempt by an unknown party or parties to
make it appear that the right to develop the property
has already been assigned to a certain Shangri-La
Village Development & Consultancy Corp. He said those
interested in bidding for the lease of the Fujimi
property may purchase the terms of reference from the
bids and awards committee for the Philippine Government
Properties in Japan (BAC-Japan) at a nonrefundable fee
of $2,500 payable by cash or cashiers/managers check to
the Department of Finance (DOF) from January 17 until
January 28, 2008.
Deadline for submission by interested
parties of their letter of intent is on January 28, 5
p.m. The prebid conference for all interested proponents
who have purchased the bid documents would be at 2 p.m.
on January 29 on the sixth floor of the
DOF Building. --J.
Vallecera |
