• PPP project delayed anew

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    Bidding for P123.8-B Laguna Lakeshore deal moved to next year

    The P123.8-billion Laguna Lakeshore Expressway and Dike Project (LLEDP) will be delayed anew with the government moving the bid submission deadline from next month to January next year.

    Ariel Angeles, officer in charge of the Public Works department’s Public-Private Partnership (PPP) Service, said the new deadline was January 7, 2016. The department had initially set – after also extending the prequalification schedule for the massive infrastructure project – a July 6 date that was dropped for a November 6 deadline.

    When it moved the bidding to November, the Public Works department said it planned to award the project on Dec. 13, 2015.

    Public Works Secretary Rogelio Singson confirmed the new deadline and reiterated that this – along with previous schedule changes – was done at the prodding of interested bidders.

    “[The extension of bid submission was at the] request of bidders and also we are still awaiting the release of a proclamation on the portion of land reclamation,” Singson said in a text message.

    Three groups have prequalified to bid for the project: Team Trident, composed of Trident Infrastructure & Dev’t Corp., Ayala Land, Inc., Megaworld Corp., Aboitiz Equity Ventures, Inc. and SM Prime Holdings, Inc.; San Miguel Holdings Corp.; and the Alloy Pavi Hanship LLEDP consortium of Alloy MTD Capital Bhd, Prime Asset Ventures, Inc. and Hanshin Engineering Constructions.

    Representatives of the firms were not immediately available for comment.

    The LLEDP, described as the biggest PPP to be offered to date, aims to ease traffic and control flooding along Laguna Lake. It involves the construction of a 47-kilometer dike with a six-lane expressway running from Taguig in Metro Manila through the towns of Calamba to the Los Banos-Bay boundary in Laguna province.

    The winning bidder will finance, design, construct, operate, and maintain the
    expressway-dike. It will also have to build interchanges, bridges, floodgates, and pumps from Taguig to Los Banos, and reclaim 700 hectares located west of and abutting the expressway-dike and separated from the shoreline by a 100-150-meter channel in Taguig and Muntinlupa.

    The project is being offered under a build-transfer-and-operate scheme, with the winning bidder to be granted a 37-year cooperation period, including a seven-year construction phase.

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