The Market Monitor Minding the Nation's Business
The Department of Public Works and Highways (DPWH) postponed the bid submission for the P122.8-billion Laguna Lakeshore Expressway Dike (LLED) project from Mar. 14 to Mar. 28.
The announcement extending the deadline for the submission of bid documents was made through a Special Bid Bulletin published on Mar. 12.
“The DPWH is being prudent. During the final contract review, they have decided to make a modification in the contract to better manage the project risks. The extension will give bidders time to review and make the necessary adjustments,” PPP (Public-Private Partnership) Center Executive Director Andre Palacios explained.
He said the postponement will not adversely affect the government’s target to award at least 10 more PPP projects before President Aquino’s term ends on Jun. 30.
The three prequalified bidders are Alloy-PAVI-Hanshin LLEDP Consortium, composed of Alloy MTD Capital BHD, Prime Asset Ventures Inc., and Hanshin Engineering Constructions); San Miguel Holdings Corp.; and Team Trident, composed of Trident Infrastructure and Development Corp., Aboitiz Equity Ventures Inc., Ayala Land Inc., Megaworld Corp., and SM Prime Holdings Inc.
The winning bidder will finance, design, construct, operate, and maintain a 47-kilometer flood-control dike with expressway toll roads.
The DPWH envisions a high-standard highway that will reduce travel time from Metro Manila to Laguna province from 90 minutes to 35 minutes.
The project will also facilitate traffic flow and mitigate flooding from Taguig City to Los Baños, Laguna.