No developer yet for rehab of Marawi City | Inquirer News

No developer yet for rehab of Marawi City

/ 06:45 AM July 13, 2018

GROUND ZERO Residents of Marawi City revisit what used to be their homes at ground zero of the five-month fighting between government troops and gunmen belonging to the Maute group.—RICHEL UMEL

The Duterte administration has reset the groundbreaking for the rehabilitation of Marawi City from July to August as it has still no private developer to rebuild the area that was a battle zone last year between government forces and Maute rebels.

It was the second time the groundbreaking was moved after it was initially set in June and then reset to this month.

ADVERTISEMENT

Eduardo del Rosario, chair of Task Force Bangon Marawi (TFBM), said the new schedule of the groundbreaking would be held either in the third or fourth week of August.

FEATURED STORIES

“We could not meet the indicative timeline because we had unsuccessful negotiation with Bangon Marawi Consortium (BMC),” Del Rosario said of the private developer.

Talks ongoing

But he said the group was now talking with Power China, which was next in line among possible private developers for the Marawi rehabilitation.

The delay in finding a private developer will not affect the group’s bid to complete the city’s rehabilitation by the last quarter of 2021, he said.

Asked why the negotiation with BMC was unsuccessful, he said the consortium failed to satisfy the financial capacity, and technical and legal requirements of the development project.

Extension

ADVERTISEMENT

Falconi Millar, TFBM secretary general, said Power China had asked for a four-day extension to submit its technical proposals.

Del Rosario said the group was waiting for Power China to also name within the week the local company it would partner with in developing Marawi.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

He said the group believed the development of Marawi City would cost P16 billion, and not P75 billion as initially assessed.— CHRISTINE O. AVENDAÑO

TAGS: Marawi City

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.