MANILA, Philippines - Megawide Corp. and Spain's Globalvia Inversiones are now interested in the Light Rail Transit Line 1 Cavite Extension project, according to the Department of Transportation and Communications (DOTC).
The DOTC said all the four original bidders DMCI Holdings, Inc., Light Rail Manila (LRM) Consortium, MTD Philippines, Inc., and SMC Infra Resources, Inc. have participated in the pre-bid conference and first round of one-on-one meetings for the project.
The Ayala group has also rejoined Metro Pacific in the LRM Consortium. Megawide, meanwhile, is fresh off the bidding for the Mactan Cebu International Airport project, where it submitted the highest bid with India's GMR.
"These developments signify confidence in the improved terms of the project. We look forward to more groups joining the bid,” said DOTC Spokesperson Michael Arthur Sagcal.
Sagcal said the bidders have not raised any major issues during the meetings. One of the issues in the previous tender had to do with the progress of government’s right-of-way (ROW) acquisition for the project.
During the pre-bid conference conducted on Monday, the DOTC said that government has already completed 92.34% of the ROW acquisition requirement for the Baclaran-Dr. Santos segment; 69.2% of the Dr. Santos-Zapote segment; and 84.2% of the Zapote-Niog segment.
The DOTC said noted two projects, the integrated transport system southwest terminal and the common station connecting the LRT-1, MRT-3 and future MRT-7 near EDSA-North Avenue, will enhance the project's viability.
"The Common Station and the ITS terminal will boost the Project’s viability due to interconnectivity with other transport services, and more importantly, they will improve passenger experience in terms of convenience, efficiency, and comfort," he said.
Interested bidders for the LRT 1 Cavite extension project have until April 28 to submit bids.
The DOTC is expediting the bidding process for the project by adopting a single-stage bidding process.
The DOTC had improved certain economic terms in the concession after the bidding for the project failed last August.
The improvements include government absorbing the obligation to pay real property taxes, ensuring the integrity of the facility’s structure for a 2-year period, permitting a 5 percent fare increase upon completion of the project, and allowing the submission of negative bids.
The P65 billion LRT-1 Cavex project involves the construction of an 11.7-kilometer southward extension from the Baclaran station to Bacoor, Cavite, and the construction of 8 new stations, plus more stations in Parañaque City, Las Piñas City, and Cavite in the future.