Auction of Veterans Memorial transport hub in 2016
MANILA, Philippines — The Philippine government targets to auction off an integrated transport hub inside the 55-hectare Veterans Memorial Medical Center compound in Quezon City next year.
Transportation Secretary Joseph Emilio Abaya said on Friday, November 28, that the hospital complex, owned by the defense department’s Philippine Veterans Affairs Office, is the final location of the Integrated Transport System (ITS) Project-North Terminal under the public-private partnership (PPP) thrust.
"We are about to sign the MOA (memorandum of agreement) with DND next month. The FS (feasibility study) is about done. So next year, we are rolling it out," Abaya told reporters on the sidelines of an event in Makati City.
"The location is final. We are going with Veterans," Abaya added.
Other location choices were the former Manila Seedling Bank at the corner of EDSA and Quezon Avenue, near the Philippine National Railways site in Caloocan City, as well as the property of the National Housing Authority near the TriNoma Mall.
Asked for the project cost of the ITS-North PPP deal, Abaya replied, “It will be a bit larger than Southwest, but about the same as South."
In terms of size, Abaya said "ITS-North is just a little bit more than South in terms of buses."
The winning bidder of the ITS-North Terminal PPP deal will undertake the design, construction and financing of the terminal as well as the operation and maintenance of the whole facility. The concessionaire also has the option to undertake commercial development and collect revenues generated from the same.
Other ITS deals
The transportation department is also building other integrated transport hubs in northern and southwestern Metro Manila.
It successfully auctioned off the ITS-Southwest project, which will build a terminal for commuters in the Cavite area. MWM Terminals of Megawide Construction Corporation and WM Property Management, Incorporated in January this year bagged the P2.5-billion ($53.12-million) ITS-Southwest Terminal deal, outdoing Filinvest Land’s offer.
While the P4-billion ($84.99-million) deal to build, transfer to the government and operate (BTO) an integrated transport hub near the Food Terminal, Incorporated in Taguig City was bagged by Ayala Land, Incorporated this November.
The contract for ITS-South will include the design, construction and operation for 35 years of a terminal servicing Manila-bound commuters coming from Laguna and Batangas. – Rappler.com
$1 = P47.06
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