Three teams prequalify for Laguna Lakeshore Expressway PPP project
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The Philippine Department of Public Works and Highways (DPWH) has prequalified three teams for the Laguna Lakeshore Expressway-Dike PPP project.
The three tams are the following.
- San Miguel Corp.,
- Team Trident, composed by Ayala, Aboitiz, SM Prime Holdings Inc and Megaworld,
- Malaysia's Alloy-PAVI-Hanshin LLEDP Consortium consists of Malaysia's Alloy MTD Capital Berhad, Prime Asset Ventures Inc, and Hanshin Engineering Construction.
According to DPWH Undersecretary Rafael Yabut, DPWH is currently evaluating Rainbow Group, which initially was disqualified. The team is 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 prequalified teams will have to submit their technical and financial proposals on or before 6 July 2015. The project is expected to be awarded on 21 August this year.
The project consists of two parts, namely:
- construction of a 47-kilometer flood control dike - on top of which will be a six-lane expressway - from Taguig City to Los Baños for about P64.914 billion; and
- reclamation of 700 hectares west of the expressway-dike for about P57.897 billion "to… create opportunities for developing a new business and residential area on reclaimed land, to enhance regional and urban development".
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 total project investment is estimated at P122.8 billion (US$2.76 billion), of whih P64.914 billion (US$1.44 billion) will be for the development of the 47-kilometer flood control dike - highway.
During this month we have reported about several PPP projects in Philippines.
