24 firms interested in biggest PPP project

ABS-CBN News

Posted at Dec 03 2014 02:04 PM | Updated as of Dec 04 2014 12:20 AM

MANILA – Twenty-four companies have expressed interest in the bidding of the P123 billion Laguna Lakeshore Expressway Dike (LLED), the biggest public-private partnership project of the Aquino administration so far.

The pre-qualification conference was held on Wednesday to allow the prospective bidders to seek clarification on the technical, financial and legal points of the project.

Prospective bidders for the project include Rainbow Holdings, Inc., Muhibbah Engineering (Phil.) Corporation, GT Capital Holdings, Incorporated, Ayala Land, Inc., Egis Projects S.A. Tam-Yap and Law Offices, Megaworld Corporation, Metro Pacific Tollways Corp., Minerales Industrias Corporation, Leighton Contractors (Philippines) Inc., JV Power and Wealth Corporation, LT Group, Inc., Laguna Lakeshore Consortium, Filinvest Land, Inc., Macquarie Capital Securities (Phil.) Inc., San Miguel Corporation, Megawide Construction Corporation, Aboitiz Equity Ventures, Inc., JG Summit Holdings Inc., PT Star Line, State Properties Corporation, MTD-Hanshin-VistaLand Consortium, IL & FS Transportation Networks Ltd., Vinci Concessions, Mega Express Road and Development.

The project’s transaction advisors as well as the members of the Department of Public Works and Highways (DPWH) Project Bids and Awards Committee responded to the queries fielded during the conference, which is part of the PPP bidding process that helps ensure a level playing field.

The LLED, the first of its kind in the country, is both a high standard highway and a dike that will mitigate problems on traffic and flooding, particularly along the western coastal communities of the Laguna Lake.

The 47-kilometer flood control dike and 6-lane expressway will run from Taguig in Metro Manila through the towns of Calamba to Los Banos in Laguna.

CALAX rebid

In the same conference, Public Works and Highways Sec. Rogelio Singson formally announced that the Cavite-Laguna Expressway (CALAX) project is again up for bid.

Singson said the CALAX project bidding will undergo a shorter one-stage process where both technical and financial bids will be open. The minimum bid was set at P20.1 billion.

The bid submission for the project is slated for May 2015.

The DPWH is currently waiting for the final and executory decision from the Office of the President on the President’s directive to rebid CALAX.

The Office of the President issued the decision to rebid the P35 billion project on November 19, acting on a petition filed by San Miguel Corp.’s Optimal Infrastructure Development.

A consortium led by the Ayala-Aboitiz group, Team Orion, submitted the highest bid for the project in June when it offered P11.65 billion, while San Miguel was disqualified due to a typographical error in its security guarantee.

San Miguel claimed that its bid was P20.105 billion. It then filed a 37-page Notice of Appeal before the Office of the President on June 27.