Prime Water submits lowest bid for New Clark City water PPP project

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The consortium of Prime Water Infrastructure Corporation, PAVI and MGS Construction, Inc. and Israel's TAHAL Group have submitted the lowest bid for the water and wastewater infrastructure project in New Clark City in the Philippines. The consortium of companies proposed a bid of PhP9.45 (US$0.18) per cubic meter, besting the PhP11.00 (US$0.21) per cubic meter bid by the Manila Water Company, another bidder for the project. The bid prices were determined during the Opening of Technical and Financial Proposals held at the Bases Conversion and Development Authority (BCDA)Corporate Center in Taguig City attended by representatives from Commission on Audit (COA) and the Asian Development Bank (ADB), BCDA's transaction advisor for the project.

The proposed PhP9.45 (US$US$0.18) per cubic meter rate shall apply for the water supply only. The same amount shall be charged for wastewater services equating to a total rate of PhP18.90 (US$0.36) per cubic meter for the first five years of the 30-year joint-venture period. The Prime Water Consortium would undergo the post-qualification process as part of due diligence before the award. BCDA targets to sign the Joint Venture Agreement with the winning partner by the end of November 2018.

The water and wastewater project ensures a safe, affordable and sustainable water source in New Clark City. It incorporates smart components, including advanced metering infrastructure, and high standard wastewater treatment, among other innovations. New Clark City, located within the Clark Special Economic Zone, is envisioned to be the first smart, green, and sustainable metropolis in the country. Phase 1A, which covers 60 hectares, involves the construction of the National Government Administrative Center (NGAC), including the world-class sports complex to be used for the Philippines' hosting of the Southeast Asian Games in 2019.

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