News / Three companies bid for Phase II of school PPP project in the Philippines

Three companies bid for Phase II of school PPP project in the Philippines

🕔 August 1, 2013
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The Philippine Public Private Partnership Center announced that three groups submitted offers for the P8.8 billion (US$425 million) School Infrastructure Project Phase 2 of the Department of Education.

The three firms/consortia were:

The Department of Education aims to open the financial bids within a week.

The second phase involves the design, financing, and construction of 10,679 one- and two-storey classrooms, including furniture, fixtures and toilets, in 5,033 public schools across 14 regions. The investment will be US$425 million.

Philippines has already bid successfully the P1.96-billion Daang Hari-SLEX Link, the P16.42-billion School Infrastructure Project Phase 1 and the P15.5 billion NAIA Expressway.

Citicore Holdings Investment Inc-Megawide Construction Corp Inc and BF Corp-Riverbanks Development Corp bagged the contracts for the first phase of the Department of Education project.

The Ayala Group won the Daang Hari-SLEX Link, while San Miguel Corp got the NAIA Expressway project.

Source: PPP Center



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