3 groups prequalify for toll road project | Inquirer Business

3 groups prequalify for toll road project

Ayala, SMC, MVP vie for 47-km Cavite-Laguna expressway
/ 09:56 PM November 04, 2013

Cavite-Laguna Expressway Route Map www.dpwh.gov.ph

The bidding process for a major public private partnership deal—the 47-kilometer Cavite-Laguna Expressway—is progressing smoothly with the government prequalifying three out of four interested groups Monday.

Allowed to proceed to the next stage in the bid for the P35.4-billion highway were the groups led by Ayala Corp. and Aboitiz Land; San Miguel Corp., and Manuel V. Pangilinan-led Metro Pacific Tollways Development Corp., according to Eugenio Pipo Jr., assistant secretary at the Department of Public Works and Highways.

Article continues after this advertisement

He said the department was requesting clarifications from the fourth bidder, Malaysia’s Alloy MTD, the only international group. “We’re giving them three days to respond,” Pipo said in an interview.

FEATURED STORIES

He said DPWH’s clarifications involved a certification of completion for projects in Malaysia and added documents on the experience of their designer. MTD is Malaysia’s second-largest toll-road operator.

“There were just some questions raised by members of the technical working group, including the transaction adviser,” Pipo noted.

Article continues after this advertisement

MTD Philippines president Isaac David said in a separate interview that they were ready to furnish the DPWH with the required documents.

He noted that a certification for completion of existing operations of toll roads, however, could not be immediately given as these are long-term contracts that have yet to expire.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: ayala corp., bidding, Business, Cavite-Laguna Expressway, Infrastructure, Manuel V. Pangilinan, San Miguel Corp., toll road project

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.