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Saturday, June 14, 2014

Aboitiz-Ayala tandem tops bidding for Cavite-Laguna Expressway Project

The joint venture of Ayala Corp and Aboitiz Equity Ventures has topped the bidding for the P34.5 billion Cavite-Laguna Expressway (CALAX) Project.

During the opening of bids held today at the Department of Public Works and Highways (DPWH), Team Orion submitted the highest bid of P11.65 billion.

Team Orion's bid narrowly beat the P11.33-billion offer of MPCALA Holdings, a unit of Metro Pacific Investments Corp (MPIC). MTD Capital Berhad, the Malaysian group that built the Skyway, submitted an offer of P922 million.

Only three groups participated in the bidding after the DPWH disqualified Optimal Infrastructure Development Inc (OIDI), a unit of San Miguel Corp, because of a defective bid security.

Optimal Infrastructure would have won the bid after authorized representative Raoul Eduardo C. Romulo said it offered P20.105 billion for the project.

San Miguel had said its disqualification would come at the expense of the public, citing its aggressive bids, such as the P11-billion for the NAIA Expressway Project, which the company bagged. The conglomerate yesterday said it may seek court redress.

MPCALA had written DPWH to point out that OIDI didn't comply with bidding rules, alleging that the bid security had an invalid period and that the proposal was "not properly packaged, sealed and labeled."

The P35.4-billion CALAX involves the financing, design, construction, operation and maintenance of a four-lane, 47-kilometer closed-system toll expressway connecting the Cavite Expressway (CAVITEX) and the Southern Luzon Expressway (SLEX).

- Interaksyon

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