Naia Expressway deal: SMC gets notice of award

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MANILA, Philippines—San Miguel Corp. (SMC) has been issued the award notice by the Department of Public Works and Highways (DPWH), recognizing the conglomerate as the winner for the right to build and operate the 7.15-kilometer Naia Expressway Phase II project.

 

The DPWH, which is implementing the project, awarded the notice on May 6 but only announced it in a statement on Thursday.

 

SMC, through unit Optimal Infrastructure Development Inc., bagged the project by a large margin through an aggressive P11 billion in upfront cash bid on April 15, 2012. The amount was 36 times bigger than the offer submitted by the only other bidder, Metro Pacific Investments Corp.

 

With the formal notice, SMC will be required to pay the government the P11 billion upfront cash payment, which comes on top of the estimated P15.52 billion construction cost, within 30 days from May 6, the

DPWH said.

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  • joboni96

    good model on
    how to colonize the pilipino economy

    1. no government initiatives
    vendor-driven project identification, design etc

    2. use cheap pilipino deposits in intsik switik banks
    via loans to fund the project

    3. fleece the pilipino depositors and public
    with high toll fees going to intsik switik and dayuhan

    nampucha mga namumuno sa atin
    no vision and guts to do mandated tasks of the government

    na kolonya ng intsik switik style
    pa sweldo sweldo lang, pa byahe byahe

    toll roads are just 1910’s technology
    horizontal construction lang yan plus some i.c.t.

    gawain na ng sangkaterbang mga pilipino
    sa buong mundo at dito

    • go88

      It’s not fun being a real filipino in the Philippines …

      • joboni96

        real pilipinos
        go for challenges

        rollback intsik switik
        top 10 philippines in 2050

        kolonisadong utaks
        just go to the u.s. to become 2nd class citizens

  • Lapu Lapu

    With this huge investment, one could imagine what would be the Toll Fee for using this expressway.. Again burden on the general public. One day you will need to pay toll fee for walking around Metro Manila.

  • tarikan

    Mr. Journalist, nag-news ka na rin lang hindi mo pa deniscribe kung ano itong NAIA Expressway Phase II project. It would only take a sentence or two. Hindi lahat alam ang detalye ng project na ito. Next time Mr. Mike Camus, magtanda ka ano? Kaunting bog-li naman sa pag-isip. Kung ako editor mo (swerte ka at hindi) sasabunin kita ng walang tubig hanggang sa pumuti ka.

    • Ray Brig

      Saan ito sa Pilipinas??? Bad newswriting kulang sa detalye! Samahan ko pa ng Clorox at Downy para mas maputi!

      • tarikan

        Oo Mr. Ray sa Pinas itong newswriting. Maraming bukels na print journalists sa Pinas. Parang duda akong mga graduate ng journalism.

  • Bugtong Uyamot

    sana “Express” ito… yung coastal road-cavitex, 10 years na hindi pa tapos.

  • Rizal Bayani

    Simulan na!

  • Marcos5

    I’m buying loads of San Miguel share stocks this year. I would like to see Philippine Gov. open Light Rail Train and MRT to direct purchase stocks for the public.
    There are a lot of Growth opportunities that I see in the Philippines. Next invest in Meralco, Ayala, Aboitiz, Armscor etc.
    Watch SMC go into energy and transpo sector. Maybe they might built a train system or a BRT Bus rapid transit from the Airport to Makati and elsewhere.
    Also Invest in Dumaguete and Davao Province if you have the extra cash since – They might build a Light rail System in those areas plus the politicians in those areas really do take care of their own cities they pour in money in those areas instead of their own pockets.

    • http://twitter.com/ComplainerChua TheComplainer

      actually you should SELL immediately SMC stock because their balance sheet within the next 30 days will be depleted by P11B! This is the worst bid that they could have made. Do you know that most taxis from airports going to customer’s destination whether north or south avoid tollways? Gusto ng mga pasahero ay FREE roads ang dinadaanan.

      • tagaDumantay

        Fix ang taxi fare mula airport hanggang destination, kaya ang pasahero gusto sa pinalamadaling biyahe. Sa labas ng airport ka yata kumukuha ng taxi kaya ang driver gusto sa pinakmalayo at mabagal para malaki ang metro.

      • http://twitter.com/ComplainerChua TheComplainer

        ha ha ha , mga foreigners at hindi nakakaalam na pwede kang makakuha ng regular taxi sa DEPARTURE level ng mga airports ang gumagamit ng prepaid taxis!
        hindi mo alam iyon ano? nagbabayad ka para sa Avis taxis? ay sayang ang pera mo boy!!! ha ha ha

      • tagaDumantay

        Siguro sa Terminal 1 ka at doon ka nga sa labas kumukuha ng taxi. Ha ha ha ka dyan marami akong sasakyan.

  • http://twitter.com/erncastillo ern

    hopeless crabs at it again!!!

  • sigena

    hanggang dyaryo lang mga projects ni abnoy

  • thrustreverser

    Dear SMC, please expedite.

  • kismaytami

    Mapapakinabangan ba ng taumbayan ang ganitong klase ng balita? Unless we see the ribbon being cut, ang mga proyektong ito ay nananatiling pangarap.

    • Keith_P

      Syempre lahat ng projects may simula. At para dito, yung awarding ang simula. Eh ang hirap sa mga tulad mo gusto nyo antimano may highway na. Kahit sa mga bansang walang corruption wala kang makikitang ganun.

      • 1aysus

        korek ka dyan sir. akala kasi ata ng ibang mga tao, nakatira sila sa SIMS CITY na kapag nagcommand ka na gumawa ng magandang highway, in 0.714 milliseconds eh gawa na.

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