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Bacolod City, Philippines Wednesday, September 12, 2018
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SP looking into proposed
P900M PAC, Lacson says


The Negros Occidental Sangguniang Panlalawigan will hold a committee hearing today on the planned construction of a new P900 million Provincial Administration Building in Bacolod City, following the lease of the current PAC site to Dynamic Builders and Construction Co. (Phil.) Inc., Vice Governor Eugenio Jose Lacson said yesterday.

Negros Occ. Gov. Alfredo Marañon Jr. and Ricardo Yanson Jr., DBCC president, signed a Public-Private Partnership for the People (P4) Agreement for the lease of the 6,485 sq. m. lot at Aguinaldo Street, Bacolod City, at the Seda Hotel Monday.

Lacson, who, along with DBCC lawyer Mitchelle Abella, signed as witnesses, said Dynamic Builders turned over a P26,458,800 check representing the two-year advance rent of the Capitol property, and security deposit.

DBCC is set to build a commercial and mixed use 10-storey building to be used as a mall, BPO, offices, and hotel, with basement parking and any other related use at the current PAC site.

Construction will begin as soon as the PAC is vacated, Lacson said.

DBCC is leasing the property for 50 years with option to renew upon expiration.

Marañon said the event marks the beginning of a remarkable and long term partnership with the private sector in terms of business development.

Lacson said the SP committee hearing is being held today for the board members to ask for information on why the new PAC to be built on property adjacent to the area leased by DBCC will cost P900 million, and plans for the new structure.

The P900 million will come from a P1.2 billion Capitol loan being proposed by Gov. Alfredo Marañon Jr. from Land Bank of the Philippines.

The vice governor said he was told the P900 million includes furniture for the new PAC.

Lacson said he has also asked the provincial treasurer to brief the SP on how much the outstanding loans of the province will be with the additional P1.2 billion, and how much the yearly amortizations will be.

He said the provincial government has the capacity to pay its loans, because the banks will not grant them if it does not have the capacity to pay.

When the new PAC is completed, the offices expected to remain at the provincial Capitol building will be the Office of the Governor, Office of the Vice Governor, Sangguniang Panlalawigan, Provincial Administrator’s Office and, perhaps, the Tourism Office, Lacson said.*CPG


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