Three companies bid for Phase II of school PPP project in the Philippines
The Philippine Public Private Partnership Center announced that three groups submitted offers for the P8.8 billion (US$425 million) School Infrastructure Project Phase 2 of the Department of Education.
The three firms/consortia were:
- Megawide Construction Corp,
- BSP & Co Inc/Vicente Lao Construction, and
- BFEFI 2 Consortium.
The Department of Education aims to open the financial bids within a week.
The second phase involves the design, financing, and construction of 10,679 one- and two-storey classrooms, including furniture, fixtures and toilets, in 5,033 public schools across 14 regions. The investment will be US$425 million.
Philippines has already bid successfully the P1.96-billion Daang Hari-SLEX Link, the P16.42-billion School Infrastructure Project Phase 1 and the P15.5 billion NAIA Expressway.
Citicore Holdings Investment Inc-Megawide Construction Corp Inc and BF Corp-Riverbanks Development Corp bagged the contracts for the first phase of the Department of Education project.
The Ayala Group won the Daang Hari-SLEX Link, while San Miguel Corp got the NAIA Expressway project.
Source: PPP CenterCountry news
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