MANILA - The government on Sunday officially started the bidding process for its largest infrastructure deal to date, inviting local and foreign investors to prequalify to bid for the P122.8-billion Laguna Lakeshore Expressway Dike contract.
The biggest public-private partnership (PPP) project of the Aquino administration aims to ease traffic flow and facilitate faster flow of goods to and from Metro Manila, Laguna, Batangas and Quezon, thus, spurring additional economic activity. It will also mitigate flooding in the nearby areas.
Public Works Undersecretary Rafael C. Yabut said in a bid bulletin that his agency is seeking potential bidders for the deal, noting that interested parties should submit their prequalification documents on or before October 16. Bidding for the deal is open to both foreign and local investors, subject to eligibility conditions under the build-operate-transfer law.
A two-stage system will be implemented for the auction, meaning bidders must first prequalify on minimum legal, technical and financial requirements as set by the implementing agency. Only prequalified bidders will be permitted to submit their technical and financial offers for the contract.
Public Works Secretary Rogelio L. Singson earlier said the most ambitious PPP deal of the Aquino administration will be auctioned off in December.
The winning bidder will start designing and constructing the expressway-dike by April next year. The thoroughfare should be commercially operational by 2022.
Earlier, the group of Manuel V. Pangilinan expressed its interest to participate in the auction for the deal. Other groups that are active in auctions for various PPP projects were sought for comment, but none responded yet.
The project involves the construction of a 47-kilometer flood-control dike—on top of which will be a six-lane expressway—on an offshore alignment 500 meters away from the western shoreline of Laguna Lake. It includes interchanges, bridges, floodgates and pumps, from Taguig to Los Baños in Laguna.
It also involves the reclamation of 700 hectares of raw land adjoining the expressway-dike.
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