MANILA - Just two of 12 prospective applicants have bid to build and operate a P2.5 billion transport terminal in Manila, one of the Philippine government's private-public partnership (PPP) projects aimed at speeding economic growth.
Filinvest Land Inc and Megawide Construction Corp subsidiary MWN Terminals filed necessary documents for the Integrated Transport System Southwest Terminal Project ahead of the Monday deadline, Department of Transportation and Communications (DOTC) spokesman Miguel Sagcal told reporters.
But 10 companies that bought application papers - including Ayala Land Inc, Ayala Corp, San Miguel Corp, Metro Pacific Investments Corp and Robinsons Land Corp - did not submit bids.
The transport department will review the two bids for the 4.6 hectare (11.3 acre) terminal over the next 40 days.
The terminal is part of a PPP program involving the upgrade or roads, railways, ports and airports, aimed at helping lift economic growth to as much as 8.5 percent by 2016 from 7.7 percent in 2010 when the scheme began.
The government has so far awarded eight PPP projects worth P127.5 billion. In October, President Benigno Aquino gave the go-ahead for a further $3.7 billion worth of infrastructure developments.
The National Economic and Development Authority's Investment Coordination Committee is set to discuss on Monday eight PPP projects worth P625 billion.
Those projects include the P35.4 billion Cavite-Laguna Expressway, the P19.3 billion Motor Vehicle Inspection System, the P177.2 billion North-South Railway Project, and the P374.5 billion Makati-Pasay-Taguig Mass Transit System Loop.