Despite Calax disqualification, San Miguel still bullish on PPPs
MANILA, Philippines – Conglomerate San Miguel Corporation said it would continue to bid for public-private partnerships (PPP) projects despite its disqualification from the P35-billion ($807.87 million*) Cavite-Laguna Expressway (Calax) bidding.
“We will participate in the all public bidding of PPP projects of the national government,” San Miguel president and chief operating officer Ramon Ang said in an interview on the sidelines of the annual stockholders' meeting of shareholder Top Frontier Investment Holdings Inc. Wednesday, July 9.
To date, San Miguel has bagged one PPP project, the P15.86-billion ($366.01 million) NAIA expressway project.
Ang declined to comment though on the status of its appeal to overrule its disqualification in the auction of Calax. San Miguel offered P20.1 billion ($463.91 million) for the project.
Team Orion of Ayala and Aboitiz Land Incorporated submitted a concession payment of P11.66 billion ($269.10 million).
“… If you are under appeal, you are not supposed to make a comment,” Ang said.
The Department of Public Works and Highways (DPWH) disqualified San Miguel’s Optimal Infrastructure Development Inc. from the bidding because of its failure to meet the bid security validity requirement.
San Miguel elevated the matter to the Office of the President (OP) after its appeal was rejected by DPWH several times.
On June 30, the OP directed DPWH to defer the award of the project to the Ayala group, pending its decision on the appeal.
The Calax project involves the financing, design, construction, operation, and maintenance of a 4-lane, 47-km closed-system toll expressway connecting the South Luzon Expressway and the Cavite Expressway. - Rappler.com
*($1 = P43.33)