MANILA, Philippines - The deadline for the submission of bids for P2.5 billion Integrated Transport System (ITS) project - Southwest Terminal has been pushed back by a month.
The Department of Transportation and Communications (DOTC) moved the deadline for submission of bids to June 16 from May 15, to give bidders more time to prepare their bid documents.
Seven companies, namely San Miguel Corp., Ayala Land Inc., Metro Pacific Tollways Corp., Robinsons Land Inc., D.M. Wenceslao and Associates Inc., Vicente T. Lao Construction and Egis Projects Philippines, are interested in bidding for the project.
The Southwest Terminal project will be located at the Coastal Road Terminal along the Manila-Cavite Expressway. It will connect passengers coming from Cavite to other urban transport systems such as the future LRT-1 South Extension, city bus, taxi and other public utility vehicles plying Metro Manila.
The terminal will include a passenger terminal building, arrival and departure bays, public information system, ticketing and baggage handling facilities and park-ride facilities.
The project will be implemented using a Build-Transfer-Operate arrangement. The DOTC invited bidders to submit bids to finance, design, construct operate and maintain the ITS project for a period of 35 years.
To qualify to bid for the project, the DOTC said bidders should comply with legal, technical and financial capability requirements.
For instance, the bidder must have local or international experience within the last 10 years in successfully completing the development of one or more eligible projects with a cumulative cost of at least P2 billion and with capacity of at least 300 parking bays for vehicles.
The bidder or related entity must also have a net worth of at least P600 million, and provide evidence it can raise loans of at least P1.4 billion for the project.