Monday, March 27, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Govt invites offers on MPIC’s road link

Darwin G. AmojelarbyDarwin G. Amojelar
April 1, 2016, 11:40 pm
in Business
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Public Works Department on Friday invited local and international companies to challenge the proposal of the tollway unit of Metro Pacific Investments Corp. to build and operate an expressway linking the north and south of Manila. 

Eugenio Pipo Jr., Special Bids and Awards Committee chairman of the Public Works Department for civil works of PPP projects, said it was inviting local and international companies to submit competitive proposals under a Swiss Challenge bidding process to finance, design, construct, operate and maintain the North Luzon Expressway-South Luzon Expressway Connector Project under a 37-year concession agreement.

The agency published the invitation to submit proposal for the connector road after Metro Pacific Tollways Development Corp. and its subsidiary, Manila North Tollways Corp., the original proponent of the project, signed a joint certification with the Public Works Department signifying the completion of successful negotiations to build the NLEX-SLEX Connector Road Project as an unsolicited proposal. 

This means the original proponent agreed on the terms and conditions of the project, which include the implementation of the Swiss Challenge and the agreed draft toll concession agreement submitted to the Department of Finance and the Office of the Solicitor General .

The board of the National Economic and Development Authority in December requested MNTC to lower the internal rate of return to 10.87 percent from 12.09 percent, by reducing the opening tariff from P100 to P87. 

ADVERTISEMENT

Pipo said a single-stage qualification and bidding for the NLEX-SLEX Connector Road project will be conducted and the bid parameter should be the highest offered concession fee as an additional consideration for the right to use the right of way requirements of the connector project. 

“In the event that a comparative proponent submits a proposal better than that submitted by the original proponent, the original proponent shall have the ‘right-to-match’ the best offer or such proposal in accordance with BOT Law and Revised IRR,” Pipo added.

The instructions to comparative proponents and other relevant qualifications and tender documents, which costs P200,000, will be available from April 12 until May 24. 

The comparative proposals should be submitted to the Public Works Department on or before July 5 at 2 p.m. 

The P23.2 billion NLEX-SLEX Connector Road project involves the construction of an eight-kilometer, four-lane toll road lining the North Luzon Expressway and South Luzon Expressway, passing through Metro Manila and using the existing Philippine National Railway alignment as its route. 

Citra Metro Manila Tollways Corp., which is separately constructing the P26.7-billion Skyway Stage 3 Project, will build the five-kilometer common alignment from Polytechnic University of the Philippines in Sta. Mesa, Manila to Buendia in Makati City of the NLEx-SLEx project.

Tags: Metro Pacific Investments Corp.MPICNLEX-SLEXroad link
ADVERTISEMENT
Darwin G. Amojelar

Darwin G. Amojelar

Related Posts

PLDT eyes investors in data center unit

byDarwin G. Amojelar
March 26, 2023, 6:45 pm
0
8
Luck of draw could send PH to Tokyo Olympics

PLDT Inc. said over the weekend it held exploratory talks with financial advisers to bring in potential investors in its...

Read more

Ayala Land plans to sell P22b worth of fixed-rate bonds

byJenniffer B. Austria
March 26, 2023, 6:41 pm
0
8
Ayala Land’s profit rose 38% to P2.55b in the third quarter

Property developer Ayala Land Inc. plans to raise up to P22 billion from the issuance of fixed-rate bonds. ALI said...

Read more

Visa processing bottleneck restrains tourism growth

byOthel V. Campos
March 26, 2023, 6:35 pm
0
8
CONCEPCION INDUSTRIAL CORPORATION: Notice of the Annual Stockholders’ Meeting

The Department of Tourism warned over the weekend about losing P2.51 billion in industry revenues if the government fails to...

Read more

Holcim PH reported 63% drop in profit last year on weak demand, higher costs

byJenniffer B. Austria
March 26, 2023, 6:30 pm
0
8
Holcim investing P210m in factories

Cement manufacturer Holcim Philippines Inc. said over the weekend net income reached P942 million in 2022, down 63 percent from...

Read more

ERC asked to submit action plan to resolve more than 20 unapproved power supply deals

byAlena Mae S. Flores
March 26, 2023, 6:25 pm
0
8
Gatchalian eyes ‘tandem vote’ bill for President, VP

Senator Sherwin Gatchalian asked the Energy Regulatory Commission to submit an action plan to resolve the more than 20 cases...

Read more

Stocks face volatility amid dovish US Fed

byJenniffer B. Austria
March 26, 2023, 6:20 pm
0
8
Stock market surges; PLDT, Globe advance

Local stocks are expected to continue facing volatility amid the dovish US Federal Reserve’s stance and the uncertainty on the...

Read more

Print Edition

View More

Recent Posts

  • Germany braces for transport ‘mega-strike’
  • Myanmar junta chief vows continued crackdown, then elections
  • Nokor fires two ballistic missiles
  • Saudi, Iranian envoys plan Ramadan meet
  • Take home the #AuraPortraitMaster vivo V27 Series via credit cards, Home Credit
  • TÜV Rheinland certifies carbon emissions for Alibaba Cloud’s customers
  • Globe receives Opensignal awards for 5G Video Experience, 5G Upload Speed, Core Consistent Quality in Barcelona
  • Watsons takes further steps towards sustainability with use of renewable energy

Advertisement

Latest News

TÜV Rheinland certifies carbon emissions for Alibaba Cloud’s customers

byMST Tech
March 27, 2023, 3:16 pm
0
8
TÜV Rheinland certifies carbon emissions for Alibaba Cloud’s customers

TÜV Rheinland and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, have launched a new initiative to...

Read more

Globe receives Opensignal awards for 5G Video Experience, 5G Upload Speed, Core Consistent Quality in Barcelona

byMST Tech
March 27, 2023, 3:13 pm
0
8
Globe receives Opensignal awards for 5G Video Experience, 5G Upload Speed, Core Consistent Quality in Barcelona

Globe, the leader in Mobile, formally received recognition from Opensignal’s Mobile Experience Awards for 5G Video Experience, 5G Upload Speed...

Read more

Watsons takes further steps towards sustainability with use of renewable energy

byMST Tech
March 27, 2023, 3:11 pm
0
8
Watsons takes further steps towards sustainability with use of renewable energy

Watsons, the leading health, beauty & wellness retailer, is taking a big step towards sustainability with the adoption of renewable...

Read more

Wash, save this summer with LG’s washer-dryer technology

byMST Tech
March 27, 2023, 3:07 pm
0
8
Wash, save this summer with LG’s washer-dryer technology

Summer is a time for fun in the sun, but it also means more laundry. Whether it's sandy beach towels...

Read more

Lakers fall to Bulls in James’ return; Cavs nail playoff seat

byManila Standard Sports
March 27, 2023, 3:00 pm
0
8
Lakers fall to Bulls in James’ return; Cavs nail playoff seat

LOS ANGELES (AFP) -- The Chicago Bulls spoiled superstar LeBron James's return from a 13-game injury absence on Sunday, beating the Los...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App