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Team Orion has offered the highest bid for the P35.42-billion (around US$800 million) Cavite Laguna Expressway (CALAX) PPP project.
The consortium team Orion is formed by AC Infrastructure Holdings Inc., Aboitiz Land Inc., Macquarie Infrastructure Holdings Philippines, Bouygues Travaux, Egis Road Operations and Korea Expressway Corp.
Financial proposals for the public-private partnership (PPP) project were opened on Friday by the Public Works department, whose chief, Sec. Rogelio L. Singson, said he was "happy" over the outcome as the government would not have to provide a subsidy to the winning bidder.
The team offered to pay the government an P11.66-billion premium, topping the P11.33 billion extended by the consortium of Metro Pacific Tollways Development Corporation (MPTDC) and Leighton Contractors (Philippines) Inc.
Alloy MTD Philippines, owned by Malaysia's second-largest toll-road operator offered a P922-million bid.
Few days ago we reported that the Philippine Department of Public Works and Highways (DPWH) had disqualified on Wednesday, June 11, conglomerate San Miguel Corp. (SMC) from the project. DPWH's Special Bids and Awards Committee (SBAC) disqualified Optimal Infrastructure Development Inc. (San Miguel Corp.) after it failed to comply with the bidding rules, particularly on the validity of its bid security.
CALAX is the DPWH's third and biggest infrastructure project under the government's public-private partnership (PPP) program with a project cost of 35.42 billion pesos (US$806 million).