Two companies—San Miguel Corp. and one represented by a law firm—are competing the the price challenge for the management, operation and maintenance of the 94-kilometer Subic-Clark-Tarlac Expressway (SCTEX), the Bases Conversion and Development Authority (BCDA) said.
San Miguel and law firm Aguirre Abano Pamfilo Paras Pineda and Agustin for an undisclosed client, attended the pre-selection conference conducted by the BCDA on Tuesday. Both parties bought the bidding documents.
The BCDA is bidding out the rights, interest and obligations in the management, operation and maintenance of the SCTEX under a business and operating agreement for a period of 28 years or ending 2043.
The SCTEX is a four-lane divided expressway traversing the provinces of Bataan, Pampanga and Tarlac and is directly linked to the North Luzon Expressway.
Manila Tollways Corp. (MNTC), which was also present during the conference, will have the right to match the highest bid for the project.
The BCDA and MNTC signed a business operating agreement on the SCTEX subject to the approval of the President of the Philippines. As a condition for the approval, Malacanang ordered the price in the interest of transparency.