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Monday, June 2, 2014

P35.4B Cavite-Laguna Expressway gets four bids, says DPWH

Four groups on Monday made a bid for the P35.4 billion Cavite-Laguna Expressway project, a public-private partnership initiative of the Department of Public Works and Highways (DPWH).

According to the DPWH, the investors vying for the PPP project are Alloy MTD Philippines of Malaysia, Team “Orion” of Ayala Corp. and Aboitiz Group, MPCALA Holdings Inc. of Metro Pacific Investments Corp., and Optimal Infrastructure Development Inc. of San Miguel Corp.

The department will issue a for the submission and opening date of the financial offer by bidders that will pass the technical hurdle, DPWH Secretary Rogelio Singson told the representatives of the investors. "We hope to complete the process by Friday," he said.

At this point, the Special Bids and Awards Committee and the Technical Working Group will review the legal and technical proposals of the participants and see how well they have met the requirements, DPWH Undersecretary Rafael Yabut said.
The project involves financing, design, construction, operation and maintenance of a four-lane, 47-kilometer tollway linking South Luzon Expressway and Manila-Cavite Tollroad Expressway.

- GMA News

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