LRTA Board yet to award Cavite LRT extension project
MANILA – The Light Rail Transit Authority (LRTA) Board has yet to award the P65 billion Light Rail Transit Line 1 (LRT-1) Cavite Extension project to a consortium led by Ayala Corp. and Metro Pacific Investments Corp. (MPIC).
The Bids and Awards Committee (BAC) of the Department of Transportation and Communications (DOTC) has already endorsed the Light Rail Manila Consortium for the project, but awarding did not push through on Wednesday.
LRTA spokesperson Atty. Hernando Cabrera said the LRTA Board is scheduled to meet again on Friday.
"There were many items on the agenda and the matter was not discussed," Cabrera said.
The LRTA Board meeting on the public-private partnership project has been postponed twice.
The board, chaired by Transportation Sec. Jun Abaya, includes the secretaries of the Department of Public Works and Highways (DPWH), Department of Budget and Management (DBM), Department of Finance (DOF), head of the National Economic and Development Authority (NEDA), the chairman of the Metropolitan Manila Development Authority (MMDA), the chairman of the Land Transportation Franchising and Regulatory Board (LTFRB) and the LRTA administrator, and a representative from the private sector.
The Light Rail Manila Consortium is the project’s lone bidder and is composed of Ayala, MPIC and Macquaire Infrastructure Holdings (Philippines) Pte. Ltd.
The group offered a bid of P9.35 billion to undertake the extension project, which aims to increase the span of the LRT-1 from 20.7 kilometers to 32.4 kilometers.