Laguna Lake PPP project terminated

Department of Public Works and Highway secretary Rogelio Singson expressed uncertainty about the future of the government’s proposed Laguna Lakeshore expressway dike public-private partnership (PPP) project the last auction failed to attract bidders by deadline on Monday.

None of the three groups qualified to submit bids—Team Trident of Ayala Corp., SM Prime Holdings Inc., Aboitiz Equity Ventures Inc., and Megaworld Corp.; San Miguel Corp.; and Alloy-PAVI Hanshin LLED Consortium composed of Malaysia’s MTD Group, Prime Asset Venture Inc. of the Villar Group, Korean Hanshin Construction Corp. and Korea Rural Corp.—submitted their bids by the deadline on Tuesday, forcing the DPWH to terminate the project.