Cavite-Laguna expressway rebidding floor price: P20.1B

Rappler.com
Cavite-Laguna expressway rebidding floor price: P20.1B
The rebidding of the controversial public-private partnership project is scheduled in May 2015

MANILA, Philippines – Following Malacañang’s decision to rebid the project, the Department of Public Works and Highways (DPWH) has set the floor price for the Cavite-Laguna expressway project (CALAX) at P20.1 billion ($449.99 million*).

The rebidding is set in May 2015.

The minimum set floor price is the same as the submitted P20.1-billion ($449.99 million) bid of San Miguel Corporation’s (SMC) Optimal Infrastructure Development Inc. But it was disqualified by the Department of Public Works and Highways (DPWH) due to a non-compliant bid security.

The previously accepted bid from Team Orion, the 50-50 joint venture between Ayala’s AC infrastructure Holdings Inc. and Aboitiz Land, was P11.65 billion ($260.82 million).

San Miguel, owned by Ramon Ang, brought the case to the Office of the President, which later on ruled in favor of San Miguel and ordered a rebidding.

The DPWH  decided to adopt a shorter, 1-stage process for the rebidding, DPWH Secretary Rogelio Singson said. “This time around, the CALAX will undergo a shorter one stage process where both technical and financial bids will be open,” Singson added.

The department is waiting for the final and executory decision from the Office of the President on the President’s directive to rebid CALAX. “This will signal the start of the rebid process,” Singson said.

Team Orion has repeatedly said the group will not participate in the rebidding process.

Apart from the prequalified bidders, the DPWH is set to allow more companies to join the rebidding process.

Filipino-owned Datem Construction and a Singaporean company have expressed interest in the 47-kilometer toll road project that would link the provinces of Cavite and Laguna. – Rappler.com

 

*($1 = P44.67)

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