Four potential bidders submitted qualification documents for the P123.8-billion Laguna Lakeshore Expressway and Dike Project (LLEDP), the Department of Public Works and Highways (DPWH) announced on Friday.
San Miguel Holdings, Alloy PAVI-Hanshin LLEDP Consortium, the Ayala-SM Prime-Megaworld-Aboitiz consortium called “Team Trident,” and Rainbow Consortium submitted qualification documents for the LLED Project.
“Out of the 24 companies [which obtained bid documents], 4 groups have signified their interest to participate in the bidding for the project and have submitted qualification documents as of the 2 pm deadline,” DPWH undersecretary Rafael Yabut said during the pre-qualification documents submission.
He added that, “By August we will issue the award.”
Yabut explained that, “It will take 5 months to open the bid documents, because it’s a big ticket project, not just a tollway/tollroad, the bulk of it is more on property development or reclamation.”
“700 hectares property components, bigger than the toll road itself, about P65 billion which is composed of residential and commercial, IT park, cyber city etc…” Yabut said.
DPWH said that July is the target opening of financials, and that the award could follow one month after.
Metro Pacific Tollways Corp. (MPTC), one of the original 24 potential bidders, decided not to follow through with a bid submission, according to MPTC president Ramon Fernandez. “There are too many risks–both technical and financial,” Fernandez said.
The Laguna Lakeshore project will involve building an expressway and dike that would encircle Laguna de Bay.
The project includes the following components: 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).
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.
“We are happy that we have 4 groups who submitted qualification documents,” Yabut said. Rosalie C. Periabras