The P152-billion Laguna Lakeshore Expressway-Dike, the government’s biggest public-private partnership (PPP) project to date, has garnered interest from 14 companies.
PPP Center Executive Director Cosette Canilao said in text message that 14 interested bidders bought bid documents for the infrastructure project. 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.
Earlier, Department of Public Works and Highways Secretary Rogelio Singson said the government plans to bid out the Laguna Lakeshore project on December 2014 or the first quarter of 2015.
The inter-agency Investment Coordination Committee of the National Economic and Development Authority (NEDA-ICC) has approved the project, which involves building an expressway and dike that would encircle Laguna de Bay.
The project has the following components:
• A 47-kilometer expressway dike with two sections, namely Bicutan-Calamba and Calamba-Los Baños; and;
• Reclamation of 500-700 hectares of raw land and horizontal development of the same for mixed use.
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.
The proposed alignment runs 500 meters off the shoreline of Laguna Lake.
“We just [need to]clarify to the NEDA board some of the environmental issues, but as I said we have time to clarify some of the environmental and technical issues,” Singson said.
He said among the issues that need to be clarified are the height of the dike, the water circulation system, whether it is right to separate the low-lying communities from the new islands as part of the reclamation, and where the new pumping stations will be located.