METRO PACIFIC Offers P27.3 Billion Bid Premium For CALAX Project

MPCALA Holdings Inc. of infrastructure conglomerate Metro Pacific Investments Corporation offered the highest bid premium of P27.3 Billion for the Cavite-Laguna Expressway (CALAX) Project, beating by P5.1 Billion the P22.2 Billion offer of San Miguel Holdings Corporation.

DPWH Private Partnership Project Special Bids and Awards Committee (SBAC) Chairman Undersecretary Rafael C. Yabut described the premium offer of MPCALA Holdings as best deal for the government considering that the minimum bid for CALAX was at P20.1 Billion.

Yabut said that following today’s (May 26, 2015) opening of financial proposal for CALAX project, the SBAC Technical Working Group will immediately review and evaluate the financial proposals of MPCALA Holdings Inc. to determine compliance with the requirements as the SBAC intends to immediately submit recommendation for contract award to DPWH Secretary Rogelio L. Singson.

The winning bidder is expected to receive the Notice of Award by June 4 while contract signing will set in motion by early July 2015.

Upon completion of the detailed engineering design to be prepared by the concessionaire between July 2015 to July 2016, actual construction work will commence and expected to be completed by July 2020 or four (4) years construction duration.

Parcellary survey for the availability of right-of-way has been completed by the DPWH Regional Office 4-A (Southern Tagalog Region). 

Part of national government’s Public-Private-Partnership program under Build-Transfer-Operate scheme, private investor/s will finance, design, construct, operate and maintain the expressway project with an estimated investments value of P35.42 Bilion for a concession period of 35 years.

CALAX has eight (8) interchanges in Kawit, Open Canal, Governor’s Drive, Aguinaldo Highway, Silang East, Sta. Rosa-Tagaytay Road, Laguna Boulevard, Technopark and one (1) toll barrier before SLEX.

No comments: