The Department of Transportation and Communications (DOTC) announced it has awarded to a Korean consortium the civil works consultancy contract for the Light Rail Transit Line 2 (LRT-2) Extension from Marikina City to Cainta in Rizal province.
The winning consortium, composed of Foresight Development and Surveying Co., Soosung Engineering Co. Ltd. and Korea Rail Network Authority, submitted a bid of P240.77 million, it said on Thursday. The bid was P100 million lower than the DOTC project cost ceiling of P350 million.
The cost of the infrastructure development for the LRT-2 extension project is P9.7 billion.
The LRT-2 will be extended from the Santolan Station in Marikina City to Masinag, Cainta in Rizal province, for a total of 4.2 kilometers. The rail link stretches 3.8 kilometers from the Recto Station in Manila to the Santolan Station in Marikina City. It is the most modern city rail system in Metro Manila.
The other groups that took part in the bidding for the civil works consultancy include JF Cancio and Associates and Development Engineering and Management Corp., Engineering and Development Corp. of the Philippines, Filipinas Dravo Corp., TCGI Engineers, Urban Integrated Consultants Inc., and Oriental Consultants Co. Ltd.