THE Department of Transportation and Communications (DOTC) said on Monday that two potential bidders vying for the P1.72-billion Automatic Fare Collection System (AFCS) Project have submitted negative bids.
Negative bid means that the bidder is proposing to pay the government to undertake the project.
The First Pacific Group and the Ayala Group both submitted the best complying bid for the public-private partnership (PPP) project. The AFCS that is expected to improve ridership of the Light Rail Transit (LRT) and Metro Rail Transit (MRT) commuters through a modern and convenient fare collection system.
AF Consortium submitted the lowest bid for the AFCS project of the government.
“The negative bid of AF Consortium is the lowest of all the bids, that means they will pay the government. They are offering to do the project by paying us P1.8 billion plus,” said Michael Arthur Sagcal, spokesperson for DOTC.
The Ayala-Pangilinan consortium submitted a negative P1.08-billion financial proposal, which is the lowest bid for the project.
In a statement, Manuel Pangi-linan, chairman of MPIC, said that, “We are pleased to share a common ground with Ayala Corp. through the AFCS project that will help modernize our rail transport system.”
He added that, “This strategic alliance will create integrated solutions that will improve public transportation through our vision to transform the country’s light rail transit system into a network very much like those in Hong Kong, Singapore and other major cities in Asia.”
SM Consortium also sub-mitted a negative proposal of P1.088 billion.
CommWorks-Berjaya, meanwhile, offered to do the project at P2 billion.
The AF Consortium is composed of BPI Card Finance Corp. as lead member, Globe Telecom Inc. and AC Infra-structure Holdings Corp. of the Ayala group and Metro Pacific Investments Corp., Smart Com-munications and Meralco FinServe of the First Pacific group.
The AF Consortium partnered with MSI Global and SMRT. MSI Global developed the software for the automatic fare collection systems in Singapore and Bangkok, while SMRT currently operates Singapore’s mass transit system.
Also in a statement, Jaime Augusto Zobel de Ayala, chair-man and chief executive officer of Ayala Corp., said that, “We are delighted to build this exciting platform together with the First Pacific group.”