BREAKING

Thursday, November 28, 2013

High Turnout In Mactan-Cebu International Airport Bid Signals Investor Confidence In PPP Program - DOTC


Wazzup Pilipinas!

All seven (7) pre-qualified groups are bidding for the P 17.5 Billion Mactan-Cebu International Airport project – the first airport Public-Private Partnership (PPP) project of the current administration – signalling the private sector’s level of interest in the Department of Transportation and Communications’ (DOTC) PPP initiative.

“The high turnout is proof that investors are confident in our PPP program. We want to sustain the momentum from this project to the next ones in our pipeline,” said DOTC Spokesperson Michael Arthur Sagcal.

Last week, the transport department’s P 1.72 Billion Automatic Fare Collection System (AFCS) project garnered the highest number of bidders for a PPP project before today’s MCIA bid submission, with 5 groups participating in that tender.

The DOTC is now evaluating the technical proposals submitted for both the AFCS and MCIA projects, and is targeting to proceed to the opening and evaluation of financial proposals next month.

Meanwhile, the bidding process for the P 64.9 Billion Light Rail Transit (LRT) Line 1 Cavite Extension (LRT-1 Cavex) PPP project will begin next week, when the transport agency will publish its invitation to bid.

The DOTC also obtained NEDA Board’s nod to improve the project’s economic terms, and has announced that it intends to conduct the bidding for this railway PPP project in Q2 of 2014, to allow new players to participate.

“We’d like the number of LRT-1 Cavex bidders to be more or less in the range of the MCIA and AFCS projects. This will encourage more competitive proposals, which will be good for government,” added Sagcal.

*Image credit to copyright owners

About ""

WazzupPilipinas.com is the fastest growing and most awarded blog and social media community that has transcended beyond online media. It has successfully collaborated with all forms of media namely print, radio and television making it the most diverse multimedia organization. The numerous collaborations with hundreds of brands and organizations as online media partner and brand ambassador makes WazzupPilipinas.com a truly successful advocate of everything about the Philippines, and even more since its support extends further to even international organizations including startups and SMEs that have made our country their second home.

Post a Comment

Ang Pambansang Blog ng Pilipinas Wazzup Pilipinas and the Umalohokans. Ang Pambansang Blog ng Pilipinas celebrating 10th year of online presence
 
Copyright © 2013 Wazzup Pilipinas News and Events
Design by FBTemplates | BTT