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Tuesday, August 19, 2014

San Miguel, LT Group join 12 others in contest for Laguna Lakeshore PPP project

 The list of bidders for the Aquino administration's biggest public-private partnership (PPP) project to date is growing longer, with San Miguel Corp and the Lucio Tan Group tossing their hats in the ring.

PPP Center executive director Cosette Canilao said 14 companies have purchased bid documents for the P122.8 billion Laguna Lakeshore Expressway Dike Project (LLEDP). The 14 firms are as follows:
Muhibbah Engineering Corp
GT Capital Holdings Inc
Ayala Land Inc
Egis Projects SA
Megaworld Corp
Metro Pacific Investments Corp
Minerales Industrias Corp
JV Power and Wealth Corp
LT Group, Inc
Laguna Lakeshore Consortium (Wenceslao Group)
Filinvest land
Macquarie Capital Securities
San Miguel Corp

The National Economic and Development Authority (NEDA) Board recently cleared the LLEDP for bidding. The project aims to provide a high-standard highway that will speed up traffic between the southern part of Metro Manila and Laguna, as well as a dike that would mitigate flooding in the western coastal communities along Laguna Lake.

It also aims to create productive land and create opportunities for developing a new business and residential area on reclaimed land, to enhance regional and urban development. The project has the following components:

- Construction of a 47-kilometer flood control dike from Taguig to Los Banos, on top of which will be a 6-lane expressway, on an off-shore alignment 500 meters away from the western shoreline of Laguna Lake, including interchanges, bridges, floodgates, and pumps; and

- Reclamation of 700 hectares west of and abutting the expressway-dike, separated from the shoreline by a 100-150 meter channel in Taguig and Muntinlupa.

The Department of Public Works and Highways (DPWH) said it would resort to a two-stage, two-envelope system for the open solicitation of bids under the Build-Operate-and-Transfer (BOT) Law.

According to this process, bidders are first pre-qualified based on minimum legal, technical and financial requirements set by the DPWH. Those bidders that prequalify would be permitted to submit their bids for the project.

The LLEDP is the fourth PPP project of the DPWH after the P34.5 billion Cavite Laguna Expressway (CALAX), the bidding for which Team Orion topped. Team Orion is a joint venture between the Ayala Group's AC Infrastructure Holdings Corp and Aboitiz Land Inc.

Other DPWH projects under PPP that had been awarded include the P15.5-billion NAIA Expressway and the P1.96-billion Daang Hari-SLEX Link.

- Interaksyon

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