The Metro Pacific Group will bid for three more projects under the public-private partnership scheme, after securing a P35.4-billion contract to construct and operate the Cavite Laguna Expressway.
“We’ll be selective. We’re not going to participate in all. There are three areas [in] PPP projects were interested in,” Metro Pacific Investments Corp. chairman Manuel Pangilinan said.
Pangilinan said his group was interested in bidding for the P108.2-billion Regional Airports Development, P287-billion North-South Commuter Rail and the operations and maintenance contract for the Light Rail Transit Line 2.
“We’ll look into it and if we think it’s viable, then we might participate,” he said.
The Public Works Department awarded last week the Calax project to a unit of Metro Pacific, which submitted the top offer during the government’s second attempt to bid out the project.
MPIC’s unit MPCala Holdings Inc. submitted a premium bid of P27.3 billion for the 47-kilometer toll road, beating the P22.2-billion offer by San Miguel Corp.’s Optimal Infrastructure Development Inc.
The Public Works Department said MPCala had until June 29 to comply with all the requirements in the notice of award. Contract signing is scheduled on June 29.
Construction period would cover July 2016 to July 2020, while operations and maintenance would be from July 2020 to July 2050.
Calax, one of the largest PPP projects, involves the financing, design, construction, operation and maintenance of a four-lane, 47-kilometer closed-system toll expressway connecting Manila-Cavite Expressway and South Luzon Expressway.
The P35.4-billion expressway will start from Cavitex in Kawit, Cavite and end at the SLEX-Mamplasan Interchange in Biñan, Laguna.
The MPIC Group in partnership with Ayala Corp. recently secured PPP projects, including the P64.9-billion LRT Line Cavite extension project and the P1.7-billion Automated Fare Collection System.
Light Rail Manila Corp., which won the LRT Cavite extension project also plans to join the auction for the P64-billion LRT Line 1 extension to Dasmariñas from Bacoor, Cavite.