A TOP official of SMC Infra Resources Inc., one of two potential bidders that opted out of the bidding for the P65-billion Light Rail Transit Line 1 (LRT 1) Cavite Extension project on Thursday, said the return on investment would take more than 20 years to be realized.
“Last minute kinucompute-compute, wala nang mangyayari sa mga presyo, wala silang makitang upside, paulit-ulit yung numbers [We were still computing at the last minute, with no change in prices they could not see any upside, the same numbers kept coming back],” Ramon Ang, president and chief operating officer of San Miguel Corp. (SMC) told reporters on Thursday.
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