Six more companies interested in Manila LRT2 PPP

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Six more companies interested in Manila LRT2 PPP

The Philippine PPP Center has announced that six more companies are interested in the LRT-2 Operations and Maintenance (O&M) PPP project.

In total 12 teams have been created to participate in the project. The teams are the following:

The 13.8-kilometer long LRT-2 traverses the cities of Manila, San Juan, Quezon City, Marikina, and Pasig, and caters to around 200,000 passengers daily.

The winning bidder will take over the O&M of all 11 stations of the existing line, the development of the 4.19-kilometer LRT-2 Masinag Extension and the construction of 2 additional stations along the corridor and other future extensions of the LTR-2 system. The concession period will be between 10 to 15 years.

The deadline for submission of pre-qualification documents is 20 November 2014, while bidding for the project is scheduled for the second quarter of 2015. Construction works are scheduled to begin in January 2015.

The tender process was issued by the Philippine Department of Transportation and Communications (DOTC) last September.

See invitation to pre-qualify to bid:

http://ppp.gov.ph/wp-content/uploads/2014/09/LRT2-OM_ITB.pdf

DOTC awarded in mid september a similar PPP project in Manila, the LTR Line 1 extension, to a consortium composed by Metro Pacific Investments Corporation (55%), Ayala Corporation (35%) and Macquarie Group Ltd (10%). The consortium offered to pay the government P9.35 billion (US$213.2 million) for the right to build, operate, and manage the project. The project was signed on 2 October 2014.

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