Public consultation held for Public Market Redevelopment PPP project in Philippines
The Public-Private Partnership (PPP) Center of the Philippines participated as a resource speaker in a public consultation organized by the Baguio City Council for the Baguio City Public Market Redevelopment PPP project.
The PPP Center remains committed to assisting the local government in ensuring that the implementation of its PPP projects aligns with the requirements of the PPP Code and its IRR.
The plan involves constructing a seven-story building on the current market site. The design includes:
- Two basement levels dedicated to parking.
- Two floors serving as the public market area.
- Three upper floors allocated for commercial development.
- A roof deck designed for events and various activities.
The project's budget is approximately PHP 4.5 billion (US$ 78 million). The City Government of Baguio oversees the project, with SM Prime Holdings, Inc. as the private sector partner. The partnership operates under a lease agreement.
Country news
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March 04, 2025
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Megawide Construction secured USD 31 million contract to develop Bus rapid transit system in Philippines
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Deadline extended for Water Supply and Septage PPP Project in Philippines
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