PPP: First subway system deal expected to be rolled out in the first half of 2015

The P374.5-billion Makati-Pasay-Taguig Mass Transit System Loop is set to be rolled out within the first year, according to the Department of Transportation and Communications (DOTC).

According to DOTC spokesperson Michael Arthur C. Sagcal, the DOTC “Targets to publish an invitation to bid within the first half of 2015, and award it by the first quarter of 2016.”

The project was one of the seven infrastructure projects approved by the National Economic and Development Authority (NEDA) Investment Coordination Committee Technical Board and Cabinet Committee meeting last January 14. 

It will be among the projects that could be approved in the next NEDA Board meeting that is tentatively set for early February. 

“We’re allocating at least seven months after the rollout for the one-on-one meetings with prospective bidders, qualification of those interested, and actual bidding itself,” said Mr. Sagcal.

He said the DOTC was already preparing for the next NEDA Board meeting and that they’re hopeful that the project would be given the final green light for bidding.

The project involves the construction of a 20-kilometer system that will consist of a 16-km tunnel, a 4-kilometer elevated railway and 11 stations. Once completed, it is expected to ease road congestion in Makati, Pasay and Taguig and link Bonifacio Global City, the Makati central business district and the SM Mall of Asia.

Metro Pacific Investments, Corp. (MPIC) and MTD Philippines, Inc. have set their sights on the project.

Last January 18, MTD Philippines, Inc. president Isaac S. David said:  “We are interested in the mass transit. We will wait for the terms and will look into the terms of reference.”

For his part, MPIC President Jose Ma. K. Lim said: “We are interested and we will study it closely.”