A Top official of Metro Pacific Investment Corp. (MPIC) said that it might pause before pursuing another investment.
“I think it partly depends on the outcome of the CALA bidding [Cavite-Laguna Expressway or the CALAX]. We’ve already taken on a pretty big commitment with our LRT-1 [Light Rail Transit Line 1 Extension project or the Cavitex Project] bid plus the CALA that is another large project,” Manuel V. Pangilinan, chairman of MPIC told reporters.
The Light Rail Manila Consortium led by Metro Pacific Investments Corp. (MPIC) on May 28 submitted the lone bid for the LRT-1 extension project.
The lone bidder for the P65-billion Light Rail Transit Line 1 (LRT-1) Cavite Extension project of the Department of Transportation and Communications (DOTC) has offered to pay the government a concession premium of P9.35 billion for the right to build, operate, and manage the new rail line.
The consortium is made up of Metro Pacific’s Light Rail Corp. with a 55 percent share; Ayala Corp.’s AC Infrastructure Holdings, with 35 percent; and Macquarie Infrastructure Holdings Pte. Ltd., with 10 percent.
Already approved by the National Economic and Development Authority (NEDA), the LRT-1 Cavite extension project is the biggest infrastructure project under the government’s public-private partnership (PPP) program.
Metro Pacific is also among four prequalified bidders for the Cavite-Laguna Expressway (Calax) project of the Department of Public Works and Highways (DPWH) who submitted their respective technical proposals for the 44.6-kilometer road project south of Metro Manila on June 2.
The toll road project is part of the national government’s public-private partnership (PPP) program.
Private investors will finance, design, construct, operate and maintain the expressway project which has an estimated investment value of P35.42 billion.
The project starts from the Cavite Expressway (Cavitex) in Kawit, Cavite and ends at the Mamplasan interchange of the South Luzon Expressway (SLEX) in Binan, Laguna.
Four prequalified bidders—MPCALA Holdings Inc, which is led by Metro Pacific Tollways Development Corp. (MPTDC); MTD Capital Bhd.; Optimal Infrastructure Development Corp. of San Miguel Corp. and Team Orion of the Ayala Corp.; and Aboitiz Land Inc.—submitted their proposals or technical bid documents for the road project.