PPP: Bidding for Lakeshore project set

Bid submission for the P122.8-billion Laguna Lakeshore Expressway Dike Project (LLEDP) has been set on July 6.

According to Department of Public Works and Highways (DPWH) Public-Private Partnership (PPP) Service Director and Officer-in-Charge Ariel C. Angeles, the DPWH Pre-Qualification Bids and Awards Committee (PBAC) has qualified three of the four groups that submitted pre-qualification documents for the project last February 27. 

The qualified groups are:

·  Trident Infrastructure and Development Corp. or “Team Trident,” composed of Ayala Land, Inc.; Megaworld Corp.; Aboitiz Equity Ventures, Inc.; and SM Prime Holdings, Inc.;
·  San Miguel Holdings Corp.; and
·  Alloy Pavi Hanshin LLEDP Consortium, composed of Malaysia’s Alloy MTD Capital BHD; Prime Asset Ventures, Inc.; and South Korea’s Hanshin Engineering Construction Company Ltd.

“Submission of technical and financial bids will be on July 6. Only Team Trident, San Miguel and Alloy-PAVI Hanshin Group can participate in the actual bidding, because it was only the three of them that have been qualified,” said Mr. Angeles.

The Rainbow Consortium, one of the four groups that submitted pre-qualification documents for the projects, failed to make the cut due to “too many and major deficiencies in their qualification documents.”

Mr. Angeles said the group failed to submit the operations and maintenance part, and its English translation was incomplete. 

He said the group has to pay to DPWH a protest fee amounting to 0.5% of the project cost, or about P6.14 billion, should it appeal its disqualification.

The official notice of pre-qualification should be released by March 24.

“The ITPB (instructions to prospective bidders) and draft of concession agreement will be released next week, and then after that, one-on-one meetings with the three qualified groups will be conducted,” Mr. Angeles added.

The government seeks to award the project on August 21, and to have the concession agreement signed on September 20.

The project involves building a 47-kilometer expressway between Taguig City and Los Baños, Laguna and a 45-kilometer control dike for P64.914 billion under a build-transfer-operate arrangement, as well as reclaiming around 700 hectares of land in Taguig and Muntinlupa cities abutting the road-dike for some P57.897 billion under a build-transfer scheme.