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The Philippine Department of Public Works and Highways (DPWH) has delayed the deadline for bid submission for the Laguna Lakeshore Expressway-Dike PPP project.
The deadline to submit technical and financial proposals was moved from July 6th to November 6th. The project was expected to be awarded in August this year, but now, according to DPWH Undersecretary Rafael Yabutnow it will be awarded in December.
Last March DPWH prequalified three teams to carry out the project:
At that time DPWH disqualified Rainbow Group, a team composed by Rainbow Holdings Inc, Pt. Nusa Konstrukski Enjiniring Tbk (NKE), The No. 4 Metallurgical Constn. Company of China Ltd. (4MCC), Shindong-Ah Constn. Company Ltd. (SCC), Korea Expressway Corporation (KEC), Sta. Lucia Land Inc (SLI), Kunhwa Engineering & Consulting Company Ltd. and Dong Myeong Engineering Consultants & Architecture Company Ltd.
The project will be developed on a design, build, finance, operate and maintenance (DBFOM) basis. The contract will have a period of 37 years, including 7 years for design and construction and 30 years for operation and maintenance. The project consists of two parts, namely:
The total project investment is estimated at P122.8 billion (US$2.75 billion), of whih P64.914 billion (US$1.44 billion) will be for the development of the 47-kilometer flood control dike - highway.