• Aboitiz group keen to bid for infrastructure PPP projects

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    CONGLOMERATE Aboitiz Equity Ventures Inc. (AEV) is “very keen” to bid for public private partnership (PPP) projects under the Duterte administration, a company official said.

    “In general, we’re looking at airports, railways, roads and bulk water supply. We’re very keen to take advantage of PPP projects,” Roman Azanza, AEV first vice president for Business Development, said in a press briefing late Wednesday.

    The Duterte administration working to fulfill its vision of the “Golden Age of Infrastructure” and the government is raising its infrastructure spending at 5.4 percent of the gross domestic product (GDP) next year, and 7.2 percent by 2022.

    The government is setting aside P8.3 trillion or $180 billion to bankroll infrastructure development in the six years to 2022.

    Azanza said AEV is eyeing the bundled regional airports project and the Light Rail Transit Line 2 (LRT 2).

    The Maya consortium of AEV and partners is one of the five pre-qualified bidders for the regional airports PPP.

    The others are the Filinvest-Jatco-Sojitz, GMR Infrastructure and Megawide, Metro Pacific Investments Corp. (MPIC) and partners, and San Miguel Corp. (SMC) and its Korean partners.

    The airports are in Bacolod (P20.26 billion), Davao (P40.57 billion), Iloilo (P30.40 billion), Laguindingan (P14.62 billion) and Panglao in Bohol (P4.57 billion).

    The AEV group and partner SMRT Transport Solutions were also shortlisted for the LRT 2 project. Other pre-qualified bidders for the rail project were DM Consunji Inc.-Tokyo Metro Co. Ltd., Light Rail Manila 2 of Ayala and MPIC, and SMC-Korail.

    The Abotiz group is also interested in the P122.8-billion Laguna Lakeshore Expressway-Dike project, with a six-lane highway component from Taguig City to Laguna province.

    The company said it is also interested in large power projects —mostly geothermal and hydro power—given that bulk or 67 percent of the company’s revenue comes from subsidiary Aboitiz Power Corp.

    Earlier, the government said it plans to roll out 17 PPP projects worth P580 billion by late 2017. To date, the Philippines has 13 PPP projects amounting to P293.3 billion.

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