MWM Terminals, a subsidiary of Megawide Construction Corp., submitted the lowest annual grantor payment for the P2.5-billion Integrated Transport System (ITS) Southwest Terminal Project.
On Tuesday, the Department of Transportation and Communications (DOTC) opened the financial bids of MWM Terminals and Filinvest Land Inc., the only two firms that qualified for the public-private partnership (PPP) project.
MWS offered a lower annual grantor payment of P100 million for the project while Filinvest Land offered P650 million.
“We are hoping to finish it today and award the project by next week,” DOTC Undersecretary Perpetuo Lotilla, who also chairs the DOTC’s Bids and Awards Committee, told reporters.
“Annual grantor payment, or an availability payment concept, is a fee that the government will pay to the winning bidder for services for the public,” DOTC spokesperson Michael Arthur Sagcal told reporters.
On January 5, DOTC reported that Filinvest Land and MWM Terminals qualified for the ITS-Southwest Terminal Project.
Only the two companies out of the 16 that first expressed interest in the project submitted prequalification bid documents.
The DOTC earlier said that “Although we would have preferred to have more groups participating in the bid, we are nevertheless satisfied to have two established and reputable companies competing for the project.”
The terminal, which will be built on a 4.9-hectare area, will connect passengers coming from Cavite to other urban transport systems such as city buses, taxis and other public utility vehicles that serve inner Metro Manila, as well as the future Light Rail Transit Line 1 South Extension.
The ITS-Southwest Terminal will include a passenger terminal building, arrival and departure bays, public information systems, ticketing and baggage handling facilities and park-ride facilities.