Ayala Land has been formally awarded the integrated transport system (ITS) South Terminal public private partnership (PPP) project in Taguig City, Philippines.
Under the PPP contract Ayala Land will have to design, build, finance, operate and maintain (DBFOM) the new facilities for a period of 35 years.
The 5.57-hectare South terminal would connect passengers from the Laguna and Batangas side to other urban transport systems such as the proposed North-South Commuter Rail of the Philippine National Railways, city buses, taxis, and other public utility vehicles that serve inner Metro Manila. The project involves the development of a passenger terminal building, arrival and departures bays, public information systems, ticketing and baggage holding facilities and park-ride facilities.
The total project investment is estimated at P4 billion (US$84.7 million).
Philippines Tansportation Secretary Jun Abaya:
"This is the second ITS Project that we have awarded. Our goal here is to give passengers coming from the South seamless transfers to other modes of transportation, as well as help decongest traffic in the Metro."
Ayala Land beat out competition from Filinvest Land by offering P278 million (US$6 million) of annual grantor payment (AGP), while Filinvest Land asked for P1 billion (US$21.58 million).
In December 2014 the Philippine Department of Transportation and Communications (DOTC) pre-qualified four teams. Later Datem and MWM Terminals did not submit technical and financial bids for the project on 31 July 2015, only Ayala Land and Filinvest Land competed.