MANILA, Philippines - The country's biggest conglomerates are interested in bidding for the proposed P2.5 billion Integrated Transport System (ITS) project - Southwest Terminal.
Cosette Canilao, executive director of the Public Private Partnership (PPP) Center, said San Miguel Corp., Ayala Land Inc., Metro Pacific Tollways Corp. and Gokongwei-led Robinsons Land Inc. have expressed interest in bidding for the PPP project.
She said other companies keen on the Southwest terminal project are D.M. Wenceslao and Associates Inc., Vicente T. Lao Construction and Egis Projects Philippines.
Interested companies are given until May 15 to submit bids for the Southwest Terminal project, located at the Coastal Road Terminal along the Manila-Cavite Expressway.
The Southwest Terminal, which will have a site area of 2.9 hectares, will connect passengers coming from Cavite to other urban transport systems such as the future LRT-1 South Extension, city bus, taxi and other public utility vehicles plying Metro Manila.
The terminal would connect passengers coming from Cavite to other urban transport systems such as the future Light Rail Transit line 1 (LRT) South Extension to Bacoor in Cavite, city bus, taxi, and other public utility vehicles plying Metro Manila.
The terminal will include a passenger terminal building, arrival and departure bays, public information system, ticketing and baggage handling facilities and park-ride facilities.
The project will be implemented using a Build-Transfer-Operate arrangement. The DOTC invited bidders to submit bids to finance, design, construct operate and maintain the ITS project for a period of 35 years.
To qualify to bid for the project, the DOTC said bidders should comply with legal, technical and financial capability requirements.
For instance, the bidder must have local or international experience within the last 10 years in successfully completing the development of one or more eligible projects with a cumulative cost of at least P2 billion and with capacity of at least 300 parking bays for vehicles.
The bidder or related entity must also have a net worth of at least P600 million, and provide evidence it can raise loans of at least P1.4 billion for the project.