MANILA, Philippines - There may be delays in the P2.5 billion Southwest Terminal project, after the Department of Transportation and Communications (DOTC) submitted last-minute changes to the contract to the National Economic and Development Authority (NEDA) for approval.
Transportation Undersecretary Jose Perpetuo Lotilla said the changes to the terms of the public private partnership (PPP) project need the approval of the NEDA Board chaired by President Benigno Aquino.
"In view of the commercial and technical matters raised by the prospective bidders during the second round of meetings, the DOTC has proposed certain changes to be made on the terms of the project," he said.
DOTC spokesperson Michael Arthur Sagcal said it hopes to get approval to amend the project's terms.
However, the amended terms were not disclosed.
"We hope to get approval within the month of May, in time to revise the concession agreement so as not to affect the bid submission deadline of June 16," Sagcal said.
The submission of bids is set for June 16.
There are 11 companies interested in the project, namely, San Miguel Corp., Ayala Land Inc., Metro Pacific Tollways Corp., Robinsons Land Inc., D.M. Wenceslao and Associates Inc., Vicente T. Lao Construction, Egis Projects Philippines, Filinvest Land Inc., Megawide Construction Corp., State Properties Corp. and Expedition Construction Corp.
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.