BSP officials meet Celso on P302M building construction PDF Print E-mail
Wednesday, 26 January 2011 11:42

Officials of Bangko Sentral ng Pilipinas conferred with Mayor Celso Lobregat yesterday to discuss developments concerning the upcoming construction of the Central Bank building at the bank’s property in Pettit Barracks that will cost around P302 million.

The group, headed by Zamboanga branch head and deputy director Melodino Patiño, consisted also of representatives from the EEI Corporation, the construction firm that won the bid for the building construction project. 

Per information relayed, the notice of award was received by the contractor January 14 and the contract perfection/ issuance of the notice to proceed will be issued in 2 weeks’ time.

The building, based on the design and plans, will be a two-storey structure with landscaping and 3 separate structures. It will be constructed in the 7,000 square meter area owned by the BSP.

With the expected construction of the BSP building, the city government views Pettit Barracks as a tourist and financial hub rolled into one with operation of the Paseo del Mar and the Plaza del Pilar.
Mayor Lobregat during the meeting emphasized that buildings constructed in all stretches surrounding City Hall that include Pettit Barracks should conform with an architectural design that is reflective of the Hispanic and American heritage combined with the essence of modernity. 

It is recalled that the city government and the BSP last July 2007 forged a usufruct agreement granting the Zamboanga City government the right to use half of the bank’s property in Pettit Barracks for a period of 50 years.

Mayor Celso Lobregat enplaned for Davao City yesterday to sign for and in behalf of the city government of Zamboanga a usufruct agreement with the Bangko Sentral ng Pilipinas or Central Bank granting the city the right to use half of the bank’s property in Pettit Barracks for a period of 50 years.

The Central Bank property located in Pettit Barracks covers some 15, 000 square meters. The area used to be the site of the Zamboanga City High School-main. The usufruct agreement provides for the delineation of the property where the Central Bank building will be put up. It also grants the city government of Zamboanga the right to use at least 7, 000 square meters of the property for a period of 50 years.

The Central Bank has acquired the property in the early ‘80s through a proclamation which provided that the bank pay the city government the amount of P15 million for the relocation of the Zamboanga City High School-main.

One half of the amount was paid to the city government several years back. During her term as mayor, the late Maria Clara Lobregat from 1998-2004 negotiated for the possible use of a portion of the property by the city government but her death on January 2, 2004 caused the negotiation to be put on hold.

When Mayor Celso Lobregat assumed office in 2004, the negotiations resumed resulting to the signing of the usufruct agreement over three years ago. — Sheila Covarrubias