METRO Pacific Investments Corp. (MPIC) has renewed its bid bond for the P35.42-billion Cavite-Laguna Expressway (Calax) project, indicating its interest in participating in the rebidding of the project.

“Yes, we renewed our bid bond. We want to play safe. But we want to see the terms first before confirming our participation,” MPTC president Ramoncito Fernandez told reporters Monday night.

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