Wazzup Pilipinas!
The Department of Transportation and Communications (DOTC) believes that the investor turnout for the Automatic Fare Collection System (AFCS) is proof of high investor confidence in the project, as well as in the agency itself.
“We are very pleased with the investor turnout for the AFCS Project. Serious players from the transportation, IT, banking, and retail industries – both local and foreign – all came out to seek pre-qualification to participate in the bidding of the project,” the Transport Department said.
A total of nine (9) consortiums involving major local and foreign conglomerates, banks, and IT companies submitted eligibility documents to the Department of Transportation and Communications (DOTC) and the Light Rail Transit Authority (LRTA) last Friday (April 12), in an effort to qualify as bidders for the P 1.72-Billion Contactless Automatic Fare Collection System (AFCS) Public-Private Partnership Project.