2 more firms eye bus terminal project

Posted at 03/05/2014 5:56 PM | Updated as of 03/05/2014 5:56 PM

MANILA, Philippines – Two more companies have bought bid documents for the proposed Integrated Transport System (ITS) Project-Southwest Terminal, increasing the number of potential bidders to 11.

The Department of Transportation and Communications (DOTC) said the additional firms that have expressed interest are Washington Sycip-led State Properties Corp. and Expedition Construction Corp.

The other companies that are interested in the proposed P2.5 billion project under the Aquino administration’s public private partnership (PPP) scheme are San Miguel Corp., conglomerate Ayala Corp. and property arm Ayala Land Inc., Metro Pacific Tollways Corp., Robinsons Land Inc., Filinvest Land Inc., Megawide Construction Corp., D.M. Wenceslao and Associates Inc., Vicente T. Lao Construction, and French-owned Egis Projects Philippines.
 
DOTC undersecretary Rene Limcaoco has issued General Bid Bulletin No. 07-2014 to schedule meetings with prospective bidders from March 17 to 20.
 
The interested companies were given until May 15 to submit their bids for the 2.9-hectare Southwest Terminal project located at the Coastal Road Terminal along the Manila-Cavite Expressway.
 
The DOTC said that to qualify to bid for the project, a bidder must have local or international experience within the last 10 years and have completed 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 should also have local or international experience in the operation and maintenance of one or more bus terminals with a cumulative bus parking capacity of at least 40 passenger buses with a minimum parking capacity of at least 20 buses in each terminal.
 
Aside from experience, the bidder should also have a net worth of at least P600 million and should be able to provide documents to prove that it could raise P1.4 billion for the project.