New terms announced for the CALA Expressway PPP project
Philippine public officials have announced new terms for the Cavite-Laguna (CALA) Expressway project that will allow for faster implementation. The removal of the project's official development assistance (ODA) component, which involves the government's building part of the expressway, was suggested by investors.
The ODA component could delay the project because the process of applying and securing ODA loans takes a long time. Therefore there will be just use one method for everything.
The P35.58-bilion CALA Expressway project involves the construction of a four-lane, 47.02-kilometer highway that will connect the Manila-Cavite and South Luzon (SLEx) expressways.
The private sector was originally supposed to finance, design and construct the P19.7-billion, 28.9-kilometer Cavite section from Kawit to the Aguinaldo Highway in Silang. The government, meanwhile, was to finance, design and construct the P15.8-billion, 18.1-km Laguna section from the Aguinaldo Highway to the SLEx Mamplasan exit in Laguna.
The project was put on hold by the Public Works department two weeks ago. Prospective bidders were supposed to have submitted their qualification documents last June 10 but this was called off, with no new dates set.
According to public officials, the bidders are confident they can finance the project with private resources, especially given the low interest rates lin the market.
Source: PPP Center
Country news
-
-
June 28, 2013
Philippine NEDA approves six additional PPP projects
The Philippine National Economic and Development Authority (NEDA) Board approved yesterday six public-private partnership (PPP) projects, Presidential Spokesman Edwin Lacierda said. Read more -
July 01, 2013
Megawide - World Citi consortium close to win Philippine hospital PPP deal
The Philippine consortium formed by Megawide Construction Corp. and World Citi Inc. could soon be declared the winner for the new Philippine Orthopedic Center (POC) PPP project deal after its technical and financial proposals were, on June 24th, deemed "compliant" by the Health department. Read more -
July 10, 2013
Philippines launches tender for Talisay City real estate PPP project
The City Government of Talisay in coordination with the Public-Private Partnership Center of the Philippines is inviting Prospective Bidders to apply to pre-qualify and bid to finance, design, construct, operate and maintain the following for a minimum period of twenty years: Read more -
July 12, 2013
San Miguel signs NAIA Expressway in the Philippines
On July 8, the Philippine Department of Public Works and Highways (DPWH) and San Miguel Corporation (SMC) signed the concession agreement for the the P15.5-billion Ninoy Aquino International Airport Expressway (NAIA) project, exactly one month after SMC made an upfront payment of P11 billion for the project. Read more -
July 17, 2013
Ayala and PINAI fund sign joint venture for wind project in the Philippines
AC Energy Holdings, Inc. (ACEHI), a wholly owned subsidiary of Ayala Corporation, has signed an Investment Framework Agreement and Shareholders' Agreement with UPC Philippines Wind Holdco I B.V., a wholly owned company of UPC Renewables Partners (UPC) and the Philippine Investment Alliance for Infrastructure (PINAI) fund to develop wind power projects in Ilocos Norte through Northern Luzon UPC Asia Corporation (NLUPC) as their joint venture company. Read more
