Ayala keen on more infrastructure projects
MANILA, Philippines - Ayala Corp. has already bagged several public private partnership (PPP) projects under the Aquino administration, yet it still wants more.
AC Infrastructure Holdings Corp. executive vice president Noel Kintanar said the company is looking at more projects that would help the government bridge the infrastructure gap in the country.
"We as a group are trying to bridge the infrastructure gap, which the whole economy is experiencing. It is not just one sector, I think the whole country is suffering from the lack of infrastructure. We have to fill this gap as a country and I guess our participation in the PPP is a concrete manifestation on how we want to bridge that infrastructure gap," he said.
The Ayala group, he said, has an exposure of about P13 billion to P14 billion in several PPP projects.
Ayala won the bidding for the P2.01 billion Daang Hari-South Luzon expressway link road. Ayala's joint venture with Metro Pacific also bagged the P1.72 billion Automated Fare Collection System (AFCS) project for the MRT and LRT.
Ayala is also waiting for the issuance of the notice of award for two PPP projects.
The Ayala-MPIC tandem submitted a bid for the P65 billion LRT-1 Cavite extension project, while Team Orion, a joint venture between Ayala and AboitizLand, made a bid for the P35.4 billion Cavite Laguna expressway project.
Kintanar said the Ayala Group will continue to look at other PPP projects such as the P125 billion Laguna Lakeshore Expressway Dike project, toll roads and rail projects such as the LRT-2 extension and the possible MRT-3 privatization.
"We’ll take a look on the projects that will enhance the current portfolio," he said.
These infrastructure projects are expected to provide major cash flows for Ayala in the next few years, Kintanar said.