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PAOAY PROPERTIES Between Paoay Municipality and Laoag City, Ilocos Norte, Region I, Philippines

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PAOAY PROPERTIES Between Paoay Municipality and Laoag City, Ilocos Norte, Region I, Philippines TOURISM INVESTMENTS PHILIPPINES PAOAY PROPERTIES Between Paoay Municipality and Laoag City, Ilocos Norte, Region I, Philippines APPROXIMATE AREA DESCRIPTION 1,362,000 sqm Paoay Properties feature a vast tract of land formerly developed as a sports and recreation ACCESSIBILITY complex which included a golf course. The • NInoy Aquino International Airport (NAIA) to 77-hectare golf course can be redeveloped while Laoag International Airport (LAO) an identified 12 hectares can be built as a mixed-use commercial area. Master planning for • NAIA to Paoay Properties the 12 hectares is currently ongoing. • LAO to Paoay Properties Paoay TOURISM STRENGTH • NAIA to Laoag Bus Terminal • This is the only golf course in the province and one to Paoay Properties of the few golf courses in the Ilocos Region. • The properties are near the Fort Ilocandia Hotel which caters mostly to foreign tourists. They are Manila also located near tourist destinations such as sand PAOAY LAO PROPERTIES dunes, beaches, heritage sites. • It overlooks the Paoay Lake, 30 minutes away Currimao Cruise Port. From Laoag Bus Terminal to • There is an increasing interest of established and Paoay Properties, it is approximately 20 minutes by public vehicle reputable real estate developers in the area. EXISTING INFRASTRUCTURE • Golf Course • Clubhouse • Halfway House From NAIA to From NAIA to Paoay Properties, Laoag Bus Terminal, MODE OF PUBLIC-PRIVATE COOPERATION it is approximately it is approximately 9 hours by private vehicle 10 hours by public vehicle Joint Venture NAIA Destination Profile Province: Ilocos Norte Population: 593,081 Source: Philippine Statistics Authority, 2015 Regional Workforce Major Industries: Agriculture Workforce Population : 3,520,000 Labor Force Participation Rate : 61.7 % Tourist Arrivals: 659,242 Employment Rate : 93.2 % Source: Department of Tourism-Tourism Demand Statistics, 2018 Source: Philippine Statistics Authority Annual Labor and Employment Estimates, 2018 Infrastructure and Utilities Airport Seaport Road Power Water Telecom Internet Network JOINT VENTURE GUIDELINES In recognition of the intergral role of Public andTOURISM Private Partnership,INVESTMENTS TIEZA is implementing the Public-Private Cooperation Program, through the Management Contract or TIEZA Joint Venture guidelines, for selected TIEZA properties and Tourism Enterprise Zone (TEZ) projects. PHILIPPINES On 29 August 2019, the TIEZA Board of Directors approved the Joint Venture Guidelines (JVG) pursuant to the Oce of the Government Corporate Counsel’s (OGCC) armation of TIEZA’S power and authority to prepare its own guidelines for joint venture, management contract and disposition of its assets. Through these modes or arrangement, we can secure more private sector support in financing, managing and operating the properties. SELECTION PROCESSES COMPETITIVE CHALLENGE NEGOTIATED • Unsolicited Proposal COMPETITIVE SELECTION JOINT VENTURE • Other Circumstances Providing (NJV) For Direct Negotiations • Solicited Proposal JOINT DIRECT NEGOTIATION VENTURE • Two Failed Competitive BID Selections/ Biddings Schedules and Timelines: The JV Selection Committee shall have the authority to adopt and prescribe the appropriate and reasonable schedules and timeliness for each Private Sector Proponent selection process. The adjusted period shall be indicated in the Eligibility Documents Kit and in the Terms of Reference. COMPETITIVE SELECTION 1 2 3 4 5 6 7 PROJECT TENDER PUBLICATION/ PRE-QUALIFICATION BID PROPER CONTRACT AWARD PREPARATION DOCUMENT POSTING & SIGNING Feasibility Study/ Preparation of Eligibility Issuance of Instructions •Receipt of Initial •Receipt and Opening •Post-qualification COMMENCEMENT Business Plan, Documents Kit, and Tender Documents Documents of Bids •Award of Contract OF Best Use Study/ Terms of Reference, •Conduct of Pre-Bid •Posting of Proposal •Ratification of the IMPLEMENTATION Master Plan Information Memorandum, Conferences Securities Contract by the Draft Contract, Technical & •Eligibility Screening of •Evaluation of Bids TIEZA Board Financial Forms, etc. Prospective Bidders NEGOTIATED JOINT VENTURE THROUGH COMPETITIVE CHALLENGE 1 2 3 4 5 6 7 RECEIPT OF INITIAL EVALUATION CONFERMENT OF COMPETITIVE AWARD OF CONTRACT COMPLETE PROPOSAL ORIGINAL PROPONENT CHALLENGE STATUS (OPS) •Letter of Intent • Completeness Check CONDUCT Joint Certification that •Receipt of Proposal •Post-qualification COMMENCEMENT •Company Profile • Acceptance of Proposal OF parties agree on the Security from Original •Award of Contract OF •Business Case, to Negotiate NEGOTIATION components and Proponent Status •Ratification of the IMPLEMENTATION Concept Plan, parameters of JV activity •Procedure shall be Contract by the Pre-Feasibility Study and to submit the guided by JVG on TIEZA Board or Feasibility Study proposal to competitive Competitive Selection •Draft Contract/ challenge. •Evaluation of Bids Term Sheet •Right to Outbid * Requirements for a Complete Unsolicited Proposal BUSINESS CASE CONCEPT LETTER OF INTENT COMPANY PROFILE PLAN/PRE-FS/FS OTHER •Description of the Proposed Project •Articles of Incorporation, By-laws, •Project Background/Description of the DRAFT DOCUMENTS including Rationale and Objectives Security and Exchange Commission Project •Land Area and Location of the (SEC) Certificate of Incorporation and •Technical Study CONTRACT / AS MAY BE Proposed Development Other Documents Issued by SEC or •Financial Viability Assessment TERM SHEET •Project Implementation Schedule Equivalent Documents From the •Economic Viability Assessment REQUIRED •General Description of New Concept Country of incorporation •Value for Money Analysis BY TIEZA and Other General Information •Latest General Information Sheet •Risk Allocation Matrix •Latest Tax Returns •Initial Environmental Assessment MULTI-STAGE EVALUATION PROCESS CRITERIA FOR EVALUATION X%+Y%+Z%=100% COMPLIANCE OF TECHNICAL EVALUATION RATING INITIAL REQUIREMENTS Technical Proposal – Must be complete and TRACK RECORD Submission of Initial Required Documents hurdle minimum score AND EXPERIENCE TECHNICAL CRITERIA (y%) FINANCIAL CRITERIA (z%) (x%) •Based on •Market Study •Committed Capital COMPLIANCE WITH FINANCIAL EVALUATION RATING submittals •Marketing and Operations •Annual Fixed Revenue ELIGIBILITY REQUIREMENTS Financial Proposal – Must meet minimum parameters; required in the •Proposed Investment (with escalation--- rate & frequency) Submission of Eligibility Documents Highest Financial Bid merits maximum Eligibility Kit •Community Relations •Committed % Share in Gross Revenue possible score assigned •Environmental Sustainability •% Share in Rental Revenue TOURISM INFRASTRUCTURE AND ENTERPRISE ZONE AUTHORITY (+632) 259-5900 - 79 6th & 7th Floor Tower 1 Double Dragon Plaza, Double Dragon Meridian Park, Macapagal Avenue corner EDSA Extension, 1302, Bay Area, Pasay City, Philippines [email protected] www.tieza.gov.ph @TIEZAocial.
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