Latest Stories

Ayala still keen on LRT-1 extension deal


SINGAPORE—After backing out of the bidding of the LRT-1 extension project two weeks ago, the infrastructure arm of the Ayala Corp. is considering participating in the planned re-bidding of the project.

That is if the government would address the concerns over terms of the contract earlier raised by potential investors.

This was according to Noel Kintanar, executive vice president of the Ayalas’ AC Infrastructure Holdings Corp. He said the company welcomed reports that the government would refine the terms of the public-private partnership (PPP) project to make them acceptable to prospective bidders.

Because there is a chance the terms of the project will be revised, he said, AC Infrastructure is not totally out of the picture yet.

“We understand the government is considering making some adjustments, and so we may still look into it,” Kintanar told the Inquirer Friday at the sidelines of a forum on Asean integration held in Singapore.

AC Infrastructure Corp. is part of the consortium that was pre-qualifed for the Aug. 15 bidding of the LRT-1 extension project. Its partner in the consortium, which was formed to invest in rail projects, is Pangilinan-led Metro Pacific Investments Corp.

AC Infrastructure, however, backed out of the LRT-1 project bidding, leaving Metro Pacific to bid on its own in behalf of the consortium. Metro Pacific’s bid, however, was rejected by the government after it was  declared non-compliant with the bidding terms.

Three other pre-qualified bidders backed out of the bidding.

Kintanar said AC Infrastructure backed out from the bidding because of issues related to the real property tax and fares.

He said the issues were seen to affect the profitability of the project.

Kintanar said that if the bidding terms would be refined and the concerns were properly addressed, the project was likely to generate interest from more prospective investors.

The project, which will extend LRT-1 to Cavite, was estimated to cost P60 billion.

“There is always interest among the private sector, but the contract must be structured properly. This means there should be sufficient opportunity to recoup investments,” Kintanar said.

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 , LRT 1 extension , Transport

  • WeAry_Bat

    A few southern projects are becoming vapor. Perhaps if they took a study, they may find a lot of southern bodies are going into Manila than northern and eastern.

    Those road infrastructure and mass transport projects must be done but optimally also.

    For north and east, a CBD of their own on the periphery of Quezon City, not on QC. Veering away from the east, that is where the major source of water is.

  • OFW_Investor

    To the author, “and so we may still look into it” is not the same as being keen.

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


  • Napoles tags over 100 officials in pork scam – Lacson
  • Vitangcol to sue Czech envoy
  • Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  • 43 out of 414 Etihad passengers yet to be found, tested for MERS-CoV – Palace
  • Sandigan junks Marcos family claim to Paoay property
  • Sports

  • Caguioa blasts ‘no heart, soft’ Ginebra on Twitter
  • San Mig Coffee grinds out win over Alaska to force decider
  • UP nips St. Benilde; Adamson blasts RTU in Filoil women’s caging
  • Kevin Garnett responds to Raptors’ GM F word
  • Albert Pujols hits 500th HR of major league career
  • Lifestyle

  • Entering the monkhood a rite of passage
  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Entertainment

  • Bollywood Oscars, film stars come to Florida
  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Business

  • SM to rebuild Tacloban hospital
  • PSEi slips after 4-day rally
  • Toyota sells 2.58 million vehicles, outselling GM
  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • 19 Ukrainians, Russians, Filipinas rescued in bar raid
  • Filipinos coming home from Mideast must obtain MERS clearance – DOH
  • US Secret Service in Manila ahead of Obama visit
  • Palace thanks Estrada for successful HK mission
  • Hong Kong accepts PH apology; sanctions also lifted
  • Marketplace