After recently topping bids for the Cavite-Laguna Expressway (Calax) under the public-private partnership (PPP) program of the government, listed infrastructure Metro Pacific Investments Corp. (MPIC) is eyeing four more PPP projects.
Manuel Pangilinan, MPIC chairman, told reporters after the firm’s annual stockholders meeting on Friday that the company is looking at four PPP projects to bid for–mostly railways–after successfully bagging the P35.4-billion Calax project on Tuesday.
“We’ll still look at other PPP projects. What’s visible to us, we’ll look at the regional airports as soon as they have determined the terms of the bid. I think there’s an O&M [operations and maintenance contract]possible for LRT 2 [Light Rail Transit Line 2]. So those are the two projects we’re looking at,” Pangilinan said.
He was referring to the LRT Line 2 Extension Project, which involves adding 4.2 kilometers to the existing railway from Santolan station at Marcos Highway, Pasig City, to the intersection of Marcos and Sumulong highways at Masinag, Antipolo City, as well as the bundled airport projects worth P108.2 billion covering five regional airports.
Pangilinan noted in the same meeting that the group will also bid for the two “North-South” railway projects–the P117.3-billion North-South Commuter Railway Project Phase 1 and the P170.7-billion North-South Railway Project South Line.
Meanwhile, the MPIC said it may borrow P20 billion from bank sources after it receives the award for the Calax project.
Hen asked if there are already “suitors” or partners tapping them for the Calax project, Pangilinan said, “Wala pa naman [No partners at the moment.] I think they [potential partners]are also waiting for the notice of awards . . . until everything is resolved.”
At present, MPIC has three PPP projects in its pipeline: the Calax project, LRT Line 1 project and the Automated Fare Collection System for the ticketing system of LRT and Metro Rail Transit 3–both in partnership with the Ayala Group.