MANILA, Philippines — Out of 4 prequalified groups, only the Light Rail Manila Consortium submitted a bid proposal for the P60-billion LRT-1 Cavite Extension Project, the Public-Private Partnership (PPP) Center announced Thursday, August 15.
Light Rail Manila Consortium is the sole prequalified bidder that submitted its bids to DOTC for the P60-B LRT 1 Cavite Extension project.— PPP Center (@PPP_Ph) August 15, 2013
Ayala Corp. also announced it dropped out of the consortium, leaving Manuel V. Pangilinan-led Metro Pacific Investments Corp. as the lone bidder for the project.
The LRT-1 Cavite Extension is the biggest infrastructure project under the Aquino administration’s PPP program.
The project will lengthen the 20.7-kilometer railway to 32.4 km, with the new endpoint located in Niyog, Bacoor, Cavite.
The line’s existing endpoints are in Roosevelt in the North, and Baclaran in the South. About 500,000 commuters take the line every day.
Ayala, San Miguel withdraw
The other groups that prequalified to join the bidding but withdrew from the race were San Miguel Corp.-led SMC Infra Resources Inc., Consunji-owned DMCI Holdings Inc., and MTD-Samsung Consortium of Malaysia and Korea.
Ayala also dropped out of the consortium formed with MPIC for the bid.
“Please be informed that Ayala Corporation and its subsidiary, AC Infrastructure Holdings Corp., have decided not to participate in the bid submitted by the Light Rail Manila Consortium for the LRT Line 1 project,” the conglomerate said in a disclosure to the Philippine Stock Exchange.
Ayala and MPIC had agreed to jointly bid for rail projects to be auctioned off by government under the PPP program.
San Miguel, for its part, said they decided to withdraw from the bidding after a thorough review of the multibillion-peso project.
“We have determined that the risk profile of the project, based on the existing terms, is such that it will not be economically viable to the company,” San Miguel president and COO Ramon Ang said in a statement.
Ang however expressed his company’s commitment to help the government grow the economy through infrastructure investments. – Rappler.com
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