THE government will announce on January 15 the entities that submitted proposals to help fund the rehabilitation of Marawi City.
Budget and Management Secretary Benjamin Diokno on Wednesday said Housing and Urban Development Coordinating Council (HUDCC) Chair Eduardo del Rosario will announce the bidders that submitted unsolicited proposals.
“It’s important to keep it on the wraps first,” Diokno said, noting that the bid of the first proponent that would be able to submit the complete requirements would be the basis for the Swiss challenge.
The administration decided to consider as a financing option the getting of unsolicited proposals to fund Marawi City’s rehabilitation, Diokno said in a briefing Wednesday.
The amount needed for the rehabilitation was yet to be finalized but as early as this time they had decided to open the financing to private sector participation, according to Diokno.
“It’s open to Swiss challenge,” he said.
Swiss challenge is a process wherein a bid by one group can be challenged by other groups and awarding of the winner will depend on who submitted the best proposal based on the requirement by the entity needing it.
Recently, Malacañang said the rehabilitation of Marawi City, which was damaged by months-long firefights between government troops and Maute terrorists, needed at least P50 billion. Authorities placed the damage in the Mindanaoan city to be around P18.21 billion.
The government has allocated an initial P10 billion for the rehabilitation to be sourced from the 2017 national budget.
Diokno said the Duterte administration had expanded the mode of how construction of infrastructure would be financed to be able to fast-track the rehabilitation.
The government also decided to pay the private contractor the initial amount for the construction only after about 50 percent of the project is completed to ensure that the contractor really has the funds to finish the project. p: wjg