Quantcast
Latest Stories

DOTC may revise terms of LRT project

By

The Department of Transportation and Communications (DOTC) may revise the existing terms of a major deal to operate and expand the Light Rail Transit (LRT) Line 1 to address concerns of the private sector after Thursday’s unsuccessful auction, Transportation Secretary Joseph Abaya said.

Three bidders pulled out of the P60-billion public-private partnership project while the remaining group, Metro Pacific Investments Corp.-led Light Rail Manila Consortium, submitted a non-compliant offer.

The companies might reconsider the project if the government improved its terms, officials from three of the bidding groups told the Inquirer Friday.

Abaya said in the statement that the government wanted to ensure that the LRT Line 1 expansion to Cavite province would proceed with construction by the second half of 2014.

This would include “the possibility of extending the bidding process and reevaluating the existing terms to further address the commercial issues raised by the pre-qualified bidders,” he said in the statement.

On Thursday, consortiums led by San Miguel Corp., DMCI Holdings and MTD-Samsung of Malaysia and South Korea did not submit the required technical and financial proposals.

Metro Pacific, whose partner Ayala Corp. pulled out of the project, submitted an offer through Light Rail Manila but this would likely be rejected by the government given the conditional nature of its bid, according to Transportation Undersecretary Jose Lotilla.

Bidders interviewed by the Inquirer yesterday pointed to “unquantified risks,” advance payments being sought by the government and even uncertainties over the right-of-way as their reasons for backing out.

Isidro Consunji, president of DMCI Holdings, said the project would not succeed if the government did not offer a type of subsidy.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , DoTC , failed auction , lrt project , revised terms

  • Pedro_Gil

    Hanggang walang transparency sa DOTC at LRTA, hindi mauumpisahan yang Line 1 south extension. USD 654M ang proposal sa 12 km ng naunang proponent sa SNC Lavalin. nang nag-propose ang SNC Lavalin noong 2005-2006, ng USD 1 Billion na may parehong alignment. Ni-reject ng LRTA ang PPP proposal ng SNC dahil hinihingi ng SNC na ang Philippine government ang sasagot ng land acquisition. Parang BOC, PDAF rin ang sistema sa DOTC at LRTA kaya dapat imbestigahan at i-monitor mabuti ang mga kilos ng mga nagpapalakad. At may promesa si Penoy na gusto niyang matapos ang proyekto ng 2015 na malabong mangyari. Walang kaibi-kaibigan pare koy!!! Malinis na trabaho at pangangasiwa lang po!!!



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Drug firm Novartis to help Leyte firefighter
  • Fears grow for hundreds missing in South Korea ferry capsize
  • Robot sub makes first complete search for plane
  • uFly fires flight simulator who appeared on CNN
  • DPWH allots P1.2 trillion for PH roads
  • Sports

  • Federer would skip tennis to be with wife, newborn
  • Manny Pacquiao in PBA? If so, he’ll wear No. 17
  • PSC sets Blu Girls US training
  • Power Pinoys settle for 7th place
  • Successful coaches to get raise
  • Lifestyle

  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • Entertainment

  • Jay Z to bring Made in America music fest to LA
  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • ‘Community’ star happy with return of show’s creator
  • Jealousy is kid stuff
  • Business

  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • PH seen to sustain rise in FDIs
  • Gov’t subsidies to state firms fell in first 2 months
  • Technology

  • DOF: Tagaytay, QC best at handling funds
  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Japan says visa-free entry still a plan
  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Milpitas, California kids wrap up a successful run of ‘The Wiz’
  • Marketplace