MANILA, Philippines — The groups of Metro Pacific Investments Corporation (MPIC) and San Miguel Corporation (SMC) set their sights on the P65.09-billion ($1.37-billion) deal to build a 19-kilometer elevated rail facility that will run from the terminus of the LRT Line 1 (LRT1) extension in Bacoor up to Dasmariñas along Aguinaldo Highway.
Just a few days before the pre-qualification conference of the LRT Line 6 (LRT6) public-private partnership (PPP) project, two firms had expressed their interest.
Metro Pacific Light Rail Corporation and San Miguel Holdings Corporation have purchased pre-qualification documents of the P65.09-billion ($1.37-billion) LRT6 PPP project.
The Department of Transportation and Communications (DOTC) started inviting companies to prequalify and bid for this project last December 21, 2015.
Interested companies have until March 4 to submit prequalification documents for the railway PPP deal.
On Monday, February 15, the DOTC will conduct a prequalification conference for the PPP project. This is an opportunity for interested companies to raise concerns about the terms of the PPP deal.
DOTC said the project is seen to improve passenger mobility and reduce the volume of vehicular traffic in the Cavite area by providing a higher capacity mass transit system. (READ: LRT4, LRT6, NAIA dev't projects up for final approval)
Through the PPP deal, a 19-kilometer (km) railway from Niyog, Bacoor to Dasmariñas City will be constructed with 7 stations. This will pass through a heavily populated area. – Rappler.com
$1=P47.57