METRO Pacific Tollways Development Corp. (MPTDC), a unit of Metro Pacific Investments Corp. (MPIC), and the Department of Public Works and Highways (DPWH) signed on Monday the notice of award for the P55.52-billion Cavite-Laguna Expressway (Calax) project.
“Happy for MPCA to be formally given the notice of award in this major road infrastructure project. Next is the signing of the concession agreement and 20 percent down payment by end June,” Ramoncito Fernandez, MPTDC president said, in a text message.
Fernandez was referring to MPCALA Holdings Inc., which is led by MPTDC. MPCALA Holdings is a subsidiary of Manny Pangilinan-led MPIC.
MPCALA Holdings and San Miguel Holdings Corp. (SMHC) both submitted pre-qualification bid documents for the rebidding of the Calax project.
MPTDC offered the highest bid of P27.3 billion, besting by about P5 billion the rival bid of SMHC. San Miguel submitted a premium bid of P22.2 billion.
The Calax project is a 45-kilometer toll road project connecting the provinces of Cavite and Laguna. The project has an estimated investment value of P35.42 billion with a premium of P20.10 billion.
The project starts from the Cavite Expressway (Cavitex) in Kawit, Cavite and ends at the Mamplasan interchange of the South Luzon Expressway (SLEX) in Biñan, Laguna. It will connect Cavite and Laguna directly, greatly reducing travel time between the two provinces.
MPIC has stakes in Thailand’s Don Muang Tollway Public Co. Ltd. (DMT) and in Vietnam’s Ho Chi Minh City Infrastructure Investment Joint Stock Co. (CII).
DPWH said compliance of all requirements in the notice of award (NOA) by the winning bidder is from June 5 to 23, 2015. It said they will notify the winning bidder of its compliance with the NOA requirements on June 30, and the contract signing is anywhere from July 1 to 6, 2015.
Preparation of detailed engineering design is from July 2015 to July 2016 and the construction period is from July 2016 to July 2020, while the O&M [operation and maintenance]period is from July 2020-July 2050.