ABOITIZ Equity Ventures Inc. (AEV), the listed conglomerate of the Aboitiz family, will “look at” two big-ticket rail transport projects given its keen interest bagging major projects under the public-private partnership (PPP) scheme.
At the sidelines of a media event last week, AEV First Vice President for Business Development Roman Azanza 3rd said they are considering the Light Rail Transit (LRT) Line 4 and LRT Line 6.
Asked if the LRT 4 and 6 are attractive enough to AEV, Azanza said: “Well, we look at rail, airports, road and bulk water projects… So we’ll probably take a look at it.”
Avanza noted such massive projects need private sector participation and that government needs to provide the right incentives.
“So it can’t be rushed,” he added, citing that they have not looked at the details of the LRT projects at this point.
Apart from three other non-PPP projects, the LRT 4 and LRT 6 were approved by President Benigno Aquino 3rd during a National Economic and Development Authority (NEDA) board meeting last September 5.
The PPP projects will be up for bidding under the Department of Transport and Communications (DOTC).
Earlier, the PPP Center said the invitation to prequalify and bid for the LRT projects will be published sometime this year.
The P42.89-billion LRT Line 4 involves the financing, design, construction, operations and maintenance of an 11-kilometer route that will run from SM City Taytay to the intersection of Ortigas Avenue and EDSA, where a transfer station will connect the LRT 4 to the Metro Rail Transit (MRT) 3 Ortigas station.
The project hopes to address congestion along Ortigas Avenue and improve the mass rail system in western Metro Manila.
On the other hand, the P64.71-billion LRT Line 6 involves building a 19-kilometer route from Niyog, Bacoor to Dasmariñas City. This will extend the LRT 1 Cavite Extension project ̶ from Baclaran station to Niyog station ̶ which is a separate PPP project previously awarded to Light Rail Manila Corp., a consortium among Ayala Corp., Metro Pacific Light Rail Corp. and Macquarie Infrastructure Holdings (Philippines) Pte. Ltd.
Aside from the LRT projects, the Aboitiz group is also interested in bidding for the redevelopment, operation, and maintenance of the Ninoy Aquino International Airport.
At present, AEV and its French partner Vinci Airports formed Maya Consortium to bid for the P108.2-billion five regional airports project. The consortium is now in the prequalification stage of the bidding.