Investor interest remains strong in two of the government’s biggest public-private partnership (PPP) projects, namely the upcoming bidding for the Laguna Lakeshore Expressway Dike (LLED) and next year’s rebid of the Cavite-Laguna Expressway (Calax) project, according to the Department of Public Works and Highways (DPWH).
Twenty-four companies who have bought pre-qualification (PQ) documents have signaled their intent to participate in the public auction of the LLED project.
During the PQ conference for the LLED project, prospective bidders were invited to seek clarification regarding their concerns about the project.
The LLED’s transaction advisors as well as members of the DPWH’s Project Bids and Awards Committee fielded queries from the prospective bidders to clarify and explain the technical, financial and legal points of the project.
The PQ conference is part of the PPP bidding process and is held to ensure that all parties have the same information and are on the same playing field.
Prospective bidders for the P122.8-billion LLED project include: Charbet Jara Rainbow Holdings Inc. Consortium, Muhibbah Engineering (Phil.) Corp.,GT Capital Holdings Inc., Ayala Land Inc., Egis Projects S.A. Tam-Yap and Law Offices, Megaworld Corp., Metro Pacific Tollways Corp., Minerales Industrias Corp., Leighton Contractors (Philippines) Inc., JV Power and Wealth Corp., LT Group Inc., Laguna Lakeshore Consortium, Filinvest Land Inc., Macquarie Capital Securities (Phil.) Inc., San Miguel Corp., Megawide Construction Corp., Aboitiz Equity Ventures Inc., JG Summit Holdings Inc., PT Star Line, State Properties Corp., MTD-Hanshin-Vista Land Consortium, IL & FS Transportation Networks Ltd., Vinci Concessions, Mega Express Road and Development.
The LLED, the first of its kind in the Philippines, is a highway and dike that will mitigate problems on traffic and flooding, particularly along the western coastal communities of the Laguna Lake. The 47-kilometer flood control dike and six-lane expressway will run from Taguig in Metro Manila through the towns of Calamba to Los Banos in Laguna.
At the same conference, DPWH Secretary Rogelio Singson formally announced that the Calax project is again up for bid.
According to Singson, this time Calax will undergo a shorter one-stage process where both technical and financial bids will be opened. The minimum bid was set at P20.1 billion and bid submission is slated for May 2015.
The DPWH is currently waiting for the final and executory decision from the Office of the President on the president’s directive to rebid Calax, receipt of which will signal the start of the rebid process.