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.

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