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Biz Buzz: Winning streak

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They say good things come in pairs or threes but the transportation department—which is the one agency now that needs a positive lift as Metro Manila commuters simmer on MRT’s woes—has been defying those averages.

Posted: April 14th, 2014 in Headlines | Read More »

Deadline for LRT-1 bid moved back a month

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The Department of Transportation and Communications (DOTC) is giving bidders an additional month, or until May 28, to submit their offers for a massive public-private partnership deal that would extend the existing Light Rail Transit Line 1 (LRT) elevated railway to Cavite province.

Posted: April 2nd, 2014 in Headlines | Read More »

2 more firms vying for P2.5B PPP deal for south Metro transport hub

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Two more companies, including the developer of the upscale Versailles community in Alabang, have expressed interest in participating in a public-private partnership deal for a P2.5-billion public transportation hub in southern Metro Manila.

Posted: March 6th, 2014 in Headlines | Read More »

Gov’t allots P30B as PPP backup kitty

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The government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership program. “This [P30 billion] will cover commitments made and obligations of the national government in the concession agreements for PPP projects,” Budget Secretary Florencio Abad (in photo) was quoted as saying in a report on the 2014 national budget published by Global Source. INQUIRER FILE PHOTO

The government has set aside P30 billion from this year’s national budget as contingency fund for the Public-Private Partnership (PPP) program.

Posted: January 3rd, 2014 in Editor's Pick,Headlines,Photos & Videos | Read More »

Insurance firm under PPP framework eyed

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The government, through a loan assistance of about P3 billion from the Asian Development Bank, intends to put up an insurance company that will likely be under the Public Private Partnership program framework. AFP FILE PHOTO

The government, through a loan assistance of about P3 billion from the Asian Development Bank, intends to put up an insurance company that will likely be under the Public Private Partnership (PPP) program framework.

Posted: December 13th, 2013 in Latest Business Stories | Read More »

Megawide-GMR may bag P17.5B PPP deal

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The consortium of Megawide Construction Corp. and India’s GMR Infrastructure Ltd. is the frontrunner for a P17.5-billion deal to operate and expand Mactan Cebu International Airport, the country’s second-busiest air facility. INQUIRER.net FILE PHOTO

The consortium of Megawide Construction Corp. and India’s GMR Infrastructure Ltd. is the frontrunner for a P17.5-billion deal to operate and expand Mactan Cebu International Airport, the country’s second-busiest air facility.

Posted: December 13th, 2013 in Editor's Pick,Headlines | Read More »

Construction of MRT-7 seen to start in 2014

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Construction of the long-delayed P62.7-billion Metro Rail Transit Line 7 (MRT-7), which involves the putting up of a 22.8-kilometer railway line from Quezon City to Bulacan province, may start late next year, its builder said.

Posted: November 29th, 2013 in Editor's Pick,Headlines | Read More »

P24B water project attracts interest

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AFP FILE PHOTO

The government’s first water public-private partnership deal, the P24.4-billion Bulacan bulk water supply project, has drawn the interest of water concessionaire Maynilad Water Services Inc. and even new players such as conglomerate San Miguel Corp., the Inquirer learned.

Posted: November 28th, 2013 in Editor's Pick,Headlines | Read More »

7 groups seen bidding for Mactan PPP project

Most bidders are set to submit their offers Thursday for the Aquino administration’s first airport public-private partnership (PPP) deal, the P17.5-billion Mactan-Cebu International Airport, based on interviews with the seven prequalified groups this week.

Posted: November 28th, 2013 in Editor's Pick,Headlines | Read More »

Gov’t OKs key revisions to big PPP projects

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President Aquino has approved seven public-private partnership (PPP) deals worth about P154 billion in a meeting Thursday in an effort to get his flagship infrastructure program, which has been suffering delays, back on track.

Posted: November 22nd, 2013 in Headlines | Read More »

Bidding for LRT-1 extension moved to 2014

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Transportation Secretary Joseph Abaya. FILE PHOTO

The Department of Transportation and Communications (DOTC) is targeting to auction the P60-billion extension of the Light Rail Transit Line 1 (LRT-1) to Cavite province, its biggest public-private partnership deal, by the first quarter of 2014, Transportation Secretary Joseph Abaya said on Tuesday.

Posted: September 18th, 2013 in Editor's Pick,Headlines | Read More »

Ayala toll road project hits a snag

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The original proposed Daang Hari-SLEx as posted on dpwh.gov.ph

The Ayala and San Miguel-Citra groups are at odds over the proposed road linkage between the South Luzon Expressway (SLEx) and the Daang Hari toll road, further delaying the first infrastructure project under the Aquino administration’s public-private partnership (PPP) program.

Posted: September 9th, 2013 in Editor's Pick,Headlines | Read More »

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