MANILA, Philippines - Four private consortiums are set to submit their financial and technical proposals for the P60 billion Light Rail Transit Line 1- Cavite Extension Project to the Department of Transportation and Communications tomorrow, Aug. 15.
DOTC spokesman Michael Arthur Sagcal said the light rail system extension project, the first Public Private Partnership flagship project, is a "major milestone" to modernize the LRT system in the country.
"This is a major milestone in the DOTC’s push to modernize the LRT system and to improve the delivery of convenient and efficient services to the people," Sagcal said.
During the pre-qualification October last year, four groups were declared eligible to participate in the bid.
The DOTC found Ayala and Metro Pacific-led Light Rail Manila Consortium; San Miguel’s SMC Infra Resources Inc.; DMCI Holdings Inc. of the Consunjis; and MTD-Samsung Consortium of Malaysia and Korea eligible to join the bid.
At tomorrow’s bid submission, technical proposals will be opened by the DOTC-Light Rail Transit Authority's Special Bids and Awards Committee, which will then have up to 30 days to evaluate the proposals.
Once completed, the BAC will open and evaluate the financial proposals of bidders who pass the technical requirements of the project.
The BAC will then have 15 days to determine the winning bidder. It will take a maximum of 45 days from tomorrow to announce the winner.
The project will extend the current LRT-1 line from its present end-station in Baclaran to parts of Parañaque, Las Piñas, and Cavite. It involves an 11.7-kilometer expansion which will make the train service accessible to the more than four million residents of these areas.