Philippines launches LRT O&M PPP project
The Philippine Department of Transportation and Communications (DOTC) has launched a tender process with the publication of its invitation to pre-qualify to bid for the LRT-2 Operations and Maintenance (O&M) PPP project.
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 on 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.
Jun Abaya, DOTC Secretary, stated:
This will vastly improve LRT-2's services, by tapping private sector efficiency and customer service orientation, similar to the LRT-1 project. Meanwhile, government will retain its role as regulator to ensure that the interests of the riding public are protected.
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 Manila 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.
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