LRTA board meeting on MPIC-Ayala bid postponed
MANILA, Philippines – The Light Rail Transit Authority (LRTA) Board meeting set to discuss the bid offer of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. for the Light Rail Transit Line 1 (LRT-1) Cavite extension project was postponed due to typhoon “Glenda.”
The meeting, which was originally scheduled for Wednesday, will likely take place next week.
“Yes, it did not push through. We are gathering new quorum. It is not easy to find a date but we are asking them for next week,” LRTA administrator Honorio Chaneco said.
LRTA spokesman Hernando Cabrera, meanwhile, said no specific date has been set for the key meeting.
The bid offer made by the MPIC-Ayala consortium, the only bidder in the project, has already been approved by the National Economic and Development Authority (NEDA) Board chaired by President Aquino.
But Cabrera explained that the offer will still have to be approved by the joint Bids and Awards Committee (BAC) of the LRTA and the Department of Transportation and Communications (DOTC).
The offer will then have to be ratified by the LRTA Board before getting the final approved of Transportation Secretary Jun Abaya.
Meanwhile, the deadline for the submission of bids for the maintenance contracts for the LRT-1 and LRT-2 was also postponed to give bidders more time to prepare their bids.
The extension will also allow new committee members to thoroughly study the bidding process.
“The extension was due to the new composition of the BAC – Rail plus the time involved was inherently short,” Cabrera said.