^

Business

BCDA, Shell renew lease deal for C-5 property

Louella Desiderio - The Philippine Star

MANILA, Philippines — State-run Bases Conversion and Development Authority (BCDA) has renewed the lease contract with Pilipinas Shell Petroleum Corp. (PSPC) for the latter’s use of a property along Circumferential Road 5 (C-5 Road) in Taguig City for its full-service mobility station.

BCDA officer-in-charge president and CEO Aristotle Batuhan and PSPC general manager Randolph Del Valle signed the contract which extends the energy firm’s lease of a 7,497-square meter land along C-5 Road, LogCom, Aranai, including structures with a gross floor area of 750 sqm for another 20 years.

BCDA said PSPC commits to invest up to P100 million to redevelop its existing mobility station.

Under the proposed development plan, PSPC’s mobility station would be upgraded in line with the company’s future site design, and have other facilities to cater to motorists and communities.

When renovation is completed, the mobility station would have additional facilities for motorists including a Shell Select convenience store, Shell Car Wash, Shell Helix Oil Change facility, Shell Advance MotoCare Express, a lounge, and parking spaces.

It will also host co-locators like restaurants and cafes.

In line with PSPC’s sustainability initiatives, the mobility station will feature solar panels to reduce the overall electrical consumption, a green wall to offset carbon emissions from vehicles, grasscrete, ecoslab, and furniture made with upcycled single-use plastic.

With the anticipated growth in electric vehicles (EVs) in the market, the site would have space allocated for charging EVs.

“More than 20 years have passed since BCDA and Pilipinas Shell first entered into a public-private partnership for the lease of this property. We consider this as a successful partnership, allowing BCDA and the government to generate additional revenues for the Filipino people year after year,” Batuhan said.

vuukle comment

BCDA

Philstar
x
  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with