POTENTIAL bidders for the P122.8 billion Laguna Lakeshore Expressway-Dike (LLED) are getting their wish—more time to prepare their pre-qualification documents for the government’s biggest public-private partnership (PPP) project to date.
This comes after the Department of Public Works and Highways (DPWH) conceded that the project was too big and too complex after potential bidders asked for more time to prepare their documents.
It is “a not realistic schedule,” DPWH Secretary Rogelio Singson told reporters at the sidelines of the LLED project investors’ forum on Friday, referring to the October 16 deadline for the submission of pre-qualification documents.
‘We’re now looking at 60 to 90 days, provided that the implementation is not delayed too much,” he said.
“More or less, the extension is for sure,” Singson said.
Twenty-two companies had registered interest in the LLED project in August.
Some of these companies are: Muhibbah Engineering Corp; GT Capital; Ayala Land; Egis Projects SA; Megaworld; Metro Pacific Investments Corp.; Minerales Industrias Corp; Leighton; JV Power and Wealth Corp; LT Group, Inc.; Laguna Lakeshore Consortium (Wenceslao Group); Filinvest Land; Macquarie Capital Securities; and, San Miguel Corp., among others.
“This is really a game changer. Maraming bubuksan na [It will open up many] economic areas, then socially responsive pa siya [it is also socially responsive]because of the flooding. Ang dami nating masosolve na problema dito [We can solve a lot of problems with this] and because of the commercial component of the project, reclamation and development rights viable siya [it is viable]for the private sector to come in,” PPP Center executive director Cosette Canilao told reporters on the sidelines of the forum.
Singson earlier said that the Laguna Lakeshore project was originally to be bid out in December this year or the first quarter of 2015.
The project has been approved by inter-agency Investment Coordination Committee of the National Economic and Development Authority (NEDA-ICC) and will involve building an expressway and dike that would encircle Laguna de Bay.
The project includes the following components, among others: A 47-kilometer expressway dike with two sections, namely Bicutan-Calamba and Calamba-Los Baños; reclamation of 500-700 hectares of raw land and horizontal development of the same for mixed use; eight interchanges; 16 bridges and 16 pumping stations; and elevation of 15.2 meters (100-year flood level).
Under the original timetable set by the DPWH, submission of the bid proposal is set for July 6, 2015; the detailed engineering design (by phase) should be done from September 2015-May 2016; construction (by phase) should be done between December 2015 and December 2021; and operation and maintenance of the expressway-dike is projected between 2022-2051.
The project aims to provide a high-standard highway that will speed up traffic between the southern part of Metro Manila and Laguna, as well as a dike that would mitigate flooding in the western coastal communities along Laguna Lake.