Philippines approves USD1.85 billion Expressway PPP project
The Government of the Philippines has approved the Pasig River Expressway (PAREX) project which will be implemented as a Public-Private Partnership.
The project is proposed by San Miguel Corporation (SMC), and the company will be the developer of the highway as well. Worth approximately PHP95 billion (US$1.86 million), the project consists of a 19.37-km, six-lane elevated road along the banks of the Pasig River. It will run from Radial Road 10 in Manila to C-6 road, known as the future South East Metro Manila Expressway (SEMME) in Taguig. The highway will have three major segments- Segment 1 from R-10 to Plaza Azul, Manila, Segment 2 from Pandacan to C-5, and Segment 3 from C-5 to C6.
The PAREX project will be the first privately-funded road network in the Philippines that combines sustainability features with the functionality of safe and efficient transport infrastructure. The road will include infrastructure for pedestrians and cyclists. Once operational, the road will serve as the east-west connection, linking up with Skyway 3 and SEMME, making every major city in Metro Manila accessible via the expressway.
Country news
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July 29, 2021
Tenders issued for multibillion Railway PPP project in Philippines
The Government of the Philippines has launched two invitation of bids for two work packages for the South Commuter Railway project. The project is being financed by the Asian Development Bank (ADB).
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February 24, 2021
Tender launched for US$10 billion Airport PPP project in Philippines
The provincial government of Cavite (PGC) issued its second invitation for new bidders for the US$10-billion Sangley Point International Airport (SPIA) after ditching previous bid awardee, Lucio Tan’s MacroAsia Corp. and China Communications Construction Co. (CCCC) before the end of January.
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September 15, 2020
USD1.2bn EPC contract awarded for subway PPP in Philippines
The project concessionaire for Makati City Subway PPP project in Manila, Infradev Holdings Inc, has signed an engineering, procurement, and construction (EPC) contract with China Construction Second Engineering Bureau Co. Ltd.
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August 28, 2020
Philippines approves 2 potential PPPs
Two potential public-private partnership (PPP) projects have been approved for Project Development and Monitoring Facility (PDMF) support. The PDMF Committee convened on August 7, 2020 and approved the project preparation and transaction advisory support for the following projects: (i) the National Economic and Development Authority (NEDA)’s NEDA sa Makati (NsM) Property Redevelopment Project, and (ii) the Department of Health (DOH)’s Bicol Medical Center (BMC) – Medical Arts Building and Upgrading of Health Services. Both projects are envisioned to be implemented through PPP under the Amended Build-Operate-Transfer (BOT) Law or Republic Act No. 7718.
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July 22, 2020
InfraPPP join Asian Development Bank's knowledge collaboration platform
InfraPPP is pleased to announce that the Asian Development Bank (ADB) has included Infrastructure Knowledge, the Linkedin group powered by InfraPPP, into the Development Asia's Online Communities.
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