HLURB eyes ‘win-win’ deal for Marawi
By Genalyn D. Kabiling
By next week, the government is aiming to secure a “win-win” agreement with the potential consortium that will rebuild Marawi City in the hopes of ensuring the quality of projects at the right cost.
Housing and Urban Development Coordinating Council (HUDCC) chair Eduardo del Rosario said they were finalizing arduous negotiations with the Bangon Marawi Consortium and planning to present its project proposal for Swiss challenge next Tuesday.
The consortium, composed of Filipino and Chinese property developers, has proposed a P17-billion development plan to rebuild 250 hectares of Marawi’s ground zero following a five-month terror siege.
Under the Swiss challenge, rival companies can match or surpass the project proposal made by the consortium.
Once the Swiss challenge is complete, Del Rosario said they hope to launch the groundbreaking of the Marawi development by the first week of July. The rehabilitation project is expected to be completed in the last quarter of 2021.
According to Del Rosario, the task force did not want to rush the negotiations with the potential developer so as not to compromise the quality and cost of the projects.