The Transportation Department said it expects to award this month the second integrated terminal system in Metro Manila to property developer Ayala Land Inc., the winning bidder for the project.
“Hopefully this month, we are just awaiting some documentary requirements. The remaining issue is the MYOA [multi-year obligational authority] that we applied to DBM in purchasing FTI property. Once we get that, we are ready to award,” Transportation Secretary Joseph Emilio Abaya said.
Ayala Land topped the auction in August for the P4-billion South Integrated Terminal System under the government’s public-private partnership program.
Ayala Land offered a lower annual grantor payment of P277.88 million for the project, compared with the P1 billion offered by Filinvest Land Inc. The annual grantor payment is a fee to be paid by the government to the concessionaire.
The site of the ITS South Project was right next to Arca South, where Ayala Land is developing an integrated mixed-use estate. About 4,000 buses and 160,000 passengers are expected to feed into the ITS South from the South Luzon Expressway every day.
Construction will begin by May 2016 and is expected to be completed and ready for operation by October 2017.
The winning bidder will take care of the design, construction and operations and maintenance of the terminal for a concession period of 35 years.
The project covers the construction of a terminal within a 4.7-hectare lot along the FTI Compound in Taguig City. It will connect passengers coming from the south, specifically Batangas and Laguna provinces, to other public utility vehicles that are serving inner Metro Manila.
The project also covers the construction of arrival and departure bays, public information systems, ticketing and baggage facilities and park-ride facilities.
The Transportation Department earlier awarded the P3.27-billion contract to build and operate a public transport terminal in southwest of Metro Manila to MWM Terminals, the consortium of Megawide Construction Corp. and WM Property Management Inc.
The Megawide Group offered the lowest annual grantor payment of P100 million for the ITS Project southwest terminal. The project has a 35-year cooperation period.
The terminal, set to be built along the Manila-Cavite Expressway in Parañaque City, is designed to provide seamless transfers between different modes of transportation.
The government also plans to bid out the ITS North Project, which will be located near the Veterans Memorial Hospital in Quezon City.