25 firms interested in LRT-1 extension project
MANILA, Philippines - Twenty-five local and foreign companies, including San Miguel Infra, Mitsubishi Corp., Hanjin Heavy Industries & Construction, DMCI, Sumitomo Corp. and FF Cruz & Co., are interested in participating in the P60-billion Light Rail Transit (LRT) 1 extension project.
The 25 companies have purchased pre-qualification documents for the LRT 1 extension project.
During Tuesday's pre-qualification conference and investors' briefing, Transportation Secretary Mar Roxas said the number of bidders will likely increase as the Department of Transportation and Communication begins an international roadshow this month.
"We expect that there will be more joining because we want only the best firms with the best qualification in so far as operating and maintaining a busy train system such as the LRT is concerned," Roxas said.
The other companies are Macquarie Group, Leighton Contractors, Sycip Salazar Hernandez & Gatmaitan, FSG Capital Inc., EFC Enterprises, Marubeni Corp., BPI Capital Corp., ING Bank, Jorgman Planning & Development Corp., RATP Development, Benchtel Overseas Corp., Comm Builders & Technical Philippines Corp., Lenvoisa Construction Inc., APT Global Inc., Makati Development Corp., Tranzen Group, SERCO Group, Cathay Energy Service Corp. and SYSTRA Group.
Philippine and foreign companies, whether individual or grouped in a consortium, are allowed to join the bidding.
Interested firms who have purchased the pre-qualification documents worth P10,000 have until August 22 to submit their requirements.
The first component of the project involves the operation and maintenance of LRT 1, which spans from Baclaran to Quezon City and transports 500,000 passengers a day.
The second component involves contructing an additional 11.7 kilometer elevated railway system from Baclaran station of line 1to Bacoor, Cavite City.
Roxas said the extension is meant to capture a significant population that regularly travels between Cavite and Manila.
The third and final component involves the operation and maintenance of the integrated Line 1 train system.
Once the project is completed, the estimated travel time from one end to the other will be an hour and 10 minutes.
The P55-billion project will be evenly split between the government and the private sector. The government's share, P27.5 billion, will be used to buy up to 39 new car train sets and construction of a satellite depot, among others.
Meanwhile, Ayala Corp. and Metro Pacific Investments Corp., who have teamed up to bid for Metro Manila's light rail projects, is looking at bringing in another partner.
"There is a possibility that we may bring in another member with technical expertise in the railway project. We are currently discussing it. We will make the proper announcement soon," MPIC president Jose Ma. Lim said.